GOLD - USD - 1H - Technical analysis published on 08/10/2020 (GMT)
- 90
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Neutral
Technical indicators
50%
6%
44%
My opinion
Neutral between 1,990.32 USD and 2,049.61 USD
My targets
-
My analysis
The short-term and basic trend is neutral. In this situation, the price of GOLD - USD could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 2,049.61 USD. The first support is located at 1,990.32 USD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The GOLD - USD price is 2,030.63 USD. The price registered a decrease of -0.21% on the session and was between 2,019.24 USD and 2,036.46 USD. This implies that the price is at +0.56% from its lowest and at -0.29% from its highest.2,019.24
2,036.46
2,030.63
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
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
Technical analysis of this 1H chart of GOLD - USD indicates that the overall trend is not clearly defined. This indecision is confirmed by the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,940.22 | 1,960.79 | 1,990.32 | 2,030.63 | 2,030.93 | 2,049.61 | 2,064.20 |
Change (%) | -4.45% | -3.44% | -1.99% | - | +0.01% | +0.93% | +1.65% |
Change | -90.41 | -69.84 | -40.31 | - | +0.30 | +18.98 | +33.57 |
Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,951.96 | 1,983.74 | 2,009.32 | 2,041.10 | 2,066.68 | 2,098.46 | 2,124.04 |
Camarilla | 2,019.13 | 2,024.38 | 2,029.64 | 2,034.90 | 2,040.16 | 2,045.42 | 2,050.67 |
Woodie | 1,948.86 | 1,982.19 | 2,006.22 | 2,039.55 | 2,063.58 | 2,096.91 | 2,120.94 |
Fibonacci | 1,983.74 | 2,005.65 | 2,019.19 | 2,041.10 | 2,063.01 | 2,076.55 | 2,098.46 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,857.50 | 1,909.07 | 1,971.98 | 2,023.55 | 2,086.46 | 2,138.03 | 2,200.94 |
Camarilla | 2,003.42 | 2,013.91 | 2,024.41 | 2,034.90 | 2,045.39 | 2,055.89 | 2,066.38 |
Woodie | 1,863.18 | 1,911.91 | 1,977.66 | 2,026.39 | 2,092.14 | 2,140.87 | 2,206.62 |
Fibonacci | 1,909.07 | 1,952.80 | 1,979.82 | 2,023.55 | 2,067.28 | 2,094.30 | 2,138.03 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,600.87 | 1,679.23 | 1,827.40 | 1,905.76 | 2,053.93 | 2,132.29 | 2,280.46 |
Camarilla | 1,913.27 | 1,934.04 | 1,954.81 | 1,975.57 | 1,996.34 | 2,017.10 | 2,037.87 |
Woodie | 1,635.78 | 1,696.68 | 1,862.31 | 1,923.21 | 2,088.84 | 2,149.74 | 2,315.37 |
Fibonacci | 1,679.23 | 1,765.76 | 1,819.23 | 1,905.76 | 1,992.29 | 2,045.76 | 2,132.29 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 47.40 | |
MACD (12,26,9): | -3.8300 | |
Directional Movement: | -6.13 | |
AROON (14): | 0 | |
DEMA (21): | 2,028.23 | |
Parabolic SAR (0,02-0,02-0,2): | 2,019.68 | |
Elder Ray (13): | 1.28 | |
Super Trend (3,10): | 2,050.21 | |
Zig ZAG (10): | 2,033.81 | |
VORTEX (21): | 1.0500 | |
Stochastique (14,3,5): | 66.56 | |
TEMA (21): | 2,027.70 | |
Williams %R (14): | -27.83 | |
Chande Momentum Oscillator (20): | -1.67 | |
Repulse (5,40,3): | 0.0500 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 0.10 |
MA7: | 2,022.11 | |
MA20: | 1,927.36 | |
MA50: | 1,822.37 | |
MA100: | 1,756.14 | |
MAexp7: | 2,031.02 | |
MAexp20: | 2,033.82 | |
MAexp50: | 2,038.26 | |
MAexp100: | 2,029.69 | |
Price / MA7: | +0.42% | |
Price / MA20: | +5.36% | |
Price / MA50: | +11.43% | |
Price / MA100: | +15.63% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | -0.16% | |
Price / MAexp50: | -0.37% | |
Price / MAexp100: | +0.05% |
Quotes :
2020-08-10 12:35:26
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
- Dollar, S&P 500, Gold - The Potential for Trend, Reversal or Congestion
- Gold and Silver Forecast August 10, 2020
- Gold Technical Analysis for the Week of August 10, 2020 by FXEmpire
- Gold Technical Analysis for August 10, 2020 by FXEmpire
- Gold and Silver Forecast August 7, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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