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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 08/13/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,949.39 USD
My targets
1,971.98 USD (+0.80%)
2,015.43 USD (+3.02%)
My analysis
The current short-term bullish acceleration on GOLD - USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1,949.39 USD. Short-term buyers will use the resistance located at 1,971.98 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 2,015.43 USD. Crossing this resistance would then open the door for buyers to target 2,049.79 USD. Caution, if there is a return to under 1,949.39 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

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
4.1

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 1,956.27 USD. The price has increased by +1.79% 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 +1.89% for the low point and -0.51% for the high point.

1,920.01
1,966.36
1,956.27

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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 for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 1H shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,863.03 1,909.60 1,949.39 1,956.27 2,015.43 2,049.79 2,075.11
Change (%) -4.77% -2.39% -0.35% - +3.02% +4.78% +6.07%
Change -93.24 -46.67 -6.88 - +59.16 +93.52 +118.84
Level Major Major Intermediate - Intermediate Minor 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
Standard1,786.961,824.991,873.411,911.441,959.861,997.892,046.31
Camarilla1,898.051,905.971,913.901,921.821,929.751,937.671,945.59
Woodie1,792.151,827.591,878.601,914.041,965.052,000.492,051.50
Fibonacci1,824.991,858.021,878.421,911.441,944.471,964.871,997.89


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 63.10
MACD (12,26,9): 5.7600
Directional Movement: 13.36
AROON (14): 35.71
DEMA (21): 1,944.13
Parabolic SAR (0,02-0,02-0,2): 1,917.69
Elder Ray (13): 16.77
Super Trend (3,10): 1,925.34
Zig ZAG (10): 1,963.16
VORTEX (21): 1.2200
Stochastique (14,3,5): 89.35
TEMA (21): 1,952.42
Williams %R (14): -8.25
Chande Momentum Oscillator (20): 33.35
Repulse (5,40,3): 1.1500
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 1.70
MA7: 1,994.86
MA20: 1,945.67
MA50: 1,835.25
MA100: 1,765.84
MAexp7: 1,948.11
MAexp20: 1,939.88
MAexp50: 1,943.01
MAexp100: 1,961.92
Price / MA7: -1.93%
Price / MA20: +0.54%
Price / MA50: +6.59%
Price / MA100: +10.78%
Price / MAexp7: +0.43%
Price / MAexp20: +0.85%
Price / MAexp50: +0.69%
Price / MAexp100: -0.28%

Quotes : 2020-08-13 18:02:16 - Real time data - Gold & Silver Spot

News


The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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