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 08/14/2020 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
17%
28%
56%
My opinion
Bearish under 1,949.44 USD
My targets
1,909.60 USD (-1.65%)
1,863.03 USD (-4.05%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - USD. As long as you are under the resistance located at 1,949.44 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,909.60 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1,863.03 USD as an objective. Crossing it would then enable sellers to target 1,798.47 USD. If the resistance 1,949.44 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.2

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.

This analysis was given by Dani3lfoo. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 1,941.58 USD. On the day, this instrument lost -0.82% and was traded between 1,938.83 USD and 1,961.72 USD over the period. The price is currently at +0.14% from its lowest and -1.03% from its highest.

1,938.83
1,961.72
1,941.58

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (5 years)

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 could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,798.47 1,863.03 1,909.60 1,941.58 1,949.44 1,966.78 2,015.43
Change (%) -7.37% -4.05% -1.65% - +0.40% +1.30% +3.80%
Change -143.11 -78.55 -31.98 - +7.86 +25.20 +73.85
Level Minor Intermediate Major - 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
Standard1,883.301,901.651,929.651,948.001,976.001,994.352,022.35
Camarilla1,944.891,949.141,953.391,957.641,961.891,966.141,970.39
Woodie1,888.121,904.061,934.471,950.411,980.821,996.762,027.17
Fibonacci1,901.651,919.361,930.301,948.001,965.711,976.651,994.35


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): 49.37
MACD (12,26,9): 3.7700
Directional Movement: -2.29
AROON (14): -7.15
DEMA (21): 1,953.53
Parabolic SAR (0,02-0,02-0,2): 1,964.70
Elder Ray (13): -1.62
Super Trend (3,10): 1,928.88
Zig ZAG (10): 1,942.07
VORTEX (21): 1.0600
Stochastique (14,3,5): 37.30
TEMA (21): 1,954.31
Williams %R (14): -88.87
Chande Momentum Oscillator (20): -9.41
Repulse (5,40,3): -0.8800
ROCnROLL: 2
TRIX (15,9): 0.0400
Courbe Coppock: 0.53
MA7: 1,980.45
MA20: 1,952.52
MA50: 1,840.47
MA100: 1,769.06
MAexp7: 1,951.62
MAexp20: 1,948.23
MAexp50: 1,946.52
MAexp100: 1,959.75
Price / MA7: -1.96%
Price / MA20: -0.56%
Price / MA50: +5.49%
Price / MA100: +9.75%
Price / MAexp7: -0.52%
Price / MAexp20: -0.35%
Price / MAexp50: -0.26%
Price / MAexp100: -0.93%

Quotes : 2020-08-14 06:58:24 - Real time data - Gold & Silver Spot

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

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