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GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 08/09/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 2,030.93 USD
My targets
1,990.32 USD (-1.60%)
1,960.79 USD (-3.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,030.93 USD. The sellers” bearish objective is set at 1,990.32 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,960.79 USD. In case of crossing, the next objective would be the support located at 1,940.22 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

selfmade
This analysis was given by selfmade. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,022.64 USD. On the day, this instrument lost -0.60% and was traded between 2,019.24 USD and 2,036.46 USD over the period. The price is currently at +0.17% from its lowest and -0.68% from its highest.

2,019.24
2,036.46
2,022.64

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GOLD - USD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a bearish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,940.22 1,960.79 1,990.32 2,022.64 2,030.93 2,049.61 2,064.20
Change (%) -4.07% -3.06% -1.60% - +0.41% +1.33% +2.05%
Change -82.42 -61.85 -32.32 - +8.29 +26.97 +41.56
Level Intermediate Intermediate Minor - Minor Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,951.961,983.742,009.322,041.102,066.682,098.462,124.04
Camarilla2,019.132,024.382,029.642,034.902,040.162,045.422,050.67
Woodie1,948.861,982.192,006.222,039.552,063.582,096.912,120.94
Fibonacci1,983.742,005.652,019.192,041.102,063.012,076.552,098.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,857.501,909.071,971.982,023.552,086.462,138.032,200.94
Camarilla2,003.422,013.912,024.412,034.902,045.392,055.892,066.38
Woodie1,863.181,911.911,977.662,026.392,092.142,140.872,206.62
Fibonacci1,909.071,952.801,979.822,023.552,067.282,094.302,138.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,600.871,679.231,827.401,905.762,053.932,132.292,280.46
Camarilla1,913.271,934.041,954.811,975.571,996.342,017.102,037.87
Woodie1,635.781,696.681,862.311,923.212,088.842,149.742,315.37
Fibonacci1,679.231,765.761,819.231,905.761,992.292,045.762,132.29

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 34.74
MACD (12,26,9): -7.8100
Directional Movement: -17.69
AROON (14): -64.29
DEMA (21): 2,033.38
Parabolic SAR (0,02-0,02-0,2): 2,037.18
Elder Ray (13): -8.85
Super Trend (3,10): 2,056.45
Zig ZAG (10): 2,020.36
VORTEX (21): 0.8100
Stochastique (14,3,5): 26.47
TEMA (21): 2,024.50
Williams %R (14): -85.34
Chande Momentum Oscillator (20): -30.91
Repulse (5,40,3): -0.3100
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 2.91
MA7: 2,021.79
MA20: 1,927.05
MA50: 1,822.18
MA100: 1,756.06
MAexp7: 2,033.10
MAexp20: 2,042.21
MAexp50: 2,043.69
MAexp100: 2,029.13
Price / MA7: +0.04%
Price / MA20: +4.96%
Price / MA50: +11.00%
Price / MA100: +15.18%
Price / MAexp7: -0.51%
Price / MAexp20: -0.96%
Price / MAexp50: -1.03%
Price / MAexp100: -0.32%

Quotes : 2020-08-09 22:25:22 - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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