GOLD - USD - 15 min. - Technical analysis published on 08/13/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,911.44 USD
My targets
1,997.89 USD (+1.87%)
2,046.31 USD (+4.34%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,911.44 USD. The next resistance located at 1,997.89 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,046.31 USD. After this resistance, buyers could then target 2,049.79 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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Additional analysis
Quotes
The GOLD - USD price is 1,961.28 USD. The price has increased by +2.05% since the last closing with the lowest point at 1,920.01 USD and the highest point at 1,966.36 USD. The deviation from the price is +2.15% for the low point and -0.26% for the high point.1,920.01
1,966.36
1,961.28
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,863.03 | 1,909.60 | 1,949.39 | 1,961.28 | 2,015.43 | 2,049.79 | 2,075.11 |
Change (%) | -5.01% | -2.64% | -0.61% | - | +2.76% | +4.51% | +5.80% |
Change | -98.25 | -51.68 | -11.89 | - | +54.15 | +88.51 | +113.83 |
Level | Major | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,786.96 | 1,824.99 | 1,873.41 | 1,911.44 | 1,959.86 | 1,997.89 | 2,046.31 |
Camarilla | 1,898.05 | 1,905.97 | 1,913.90 | 1,921.82 | 1,929.75 | 1,937.67 | 1,945.59 |
Woodie | 1,792.15 | 1,827.59 | 1,878.60 | 1,914.04 | 1,965.05 | 2,000.49 | 2,051.50 |
Fibonacci | 1,824.99 | 1,858.02 | 1,878.42 | 1,911.44 | 1,944.47 | 1,964.87 | 1,997.89 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 81.14 | |
MACD (12,26,9): | 6.7700 | |
Directional Movement: | 26.90 | |
AROON (14): | 100.00 | |
DEMA (21): | 1,955.97 | |
Parabolic SAR (0,02-0,02-0,2): | 1,949.98 | |
Elder Ray (13): | 11.37 | |
Super Trend (3,10): | 1,946.01 | |
Zig ZAG (10): | 1,963.45 | |
VORTEX (21): | 1.3100 | |
Stochastique (14,3,5): | 96.10 | |
TEMA (21): | 1,956.68 | |
Williams %R (14): | -3.35 | |
Chande Momentum Oscillator (20): | 16.09 | |
Repulse (5,40,3): | 0.7200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 1.69 |
MA7: | 1,994.67 | |
MA20: | 1,946.07 | |
MA50: | 1,835.41 | |
MA100: | 1,765.94 | |
MAexp7: | 1,953.84 | |
MAexp20: | 1,948.09 | |
MAexp50: | 1,940.39 | |
MAexp100: | 1,936.67 | |
Price / MA7: | -1.67% | |
Price / MA20: | +0.78% | |
Price / MA50: | +6.86% | |
Price / MA100: | +11.06% | |
Price / MAexp7: | +0.38% | |
Price / MAexp20: | +0.68% | |
Price / MAexp50: | +1.08% | |
Price / MAexp100: | +1.27% |
Quotes :
2020-08-13 17:44:55
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
- Gold Technical Analysis for August 14, 2020 by FXEmpire
- Forex News: 13/08/2020 - Dollar slips as no stimulus deal in sight yet; Gold pares losses
- Expect a lower gold price before it moves up again
- Gold, Safe-Haven Assets Soar amid Pandemic
- Gold and Silver Forecast August 13, 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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