GOLD - USD - 1H - Technical analysis published on 08/14/2020 (GMT)
- Who voted?
- 146
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
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:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1,883.30 | 1,901.65 | 1,929.65 | 1,948.00 | 1,976.00 | 1,994.35 | 2,022.35 |
Camarilla | 1,944.89 | 1,949.14 | 1,953.39 | 1,957.64 | 1,961.89 | 1,966.14 | 1,970.39 |
Woodie | 1,888.12 | 1,904.06 | 1,934.47 | 1,950.41 | 1,980.82 | 1,996.76 | 2,027.17 |
Fibonacci | 1,901.65 | 1,919.36 | 1,930.30 | 1,948.00 | 1,965.71 | 1,976.65 | 1,994.35 |
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 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
News
Don"t forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
- Gold and Silver Forecast August 14, 2020
- 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
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…
Add a comment
Comments
0 comments on the analysis GOLD - USD - 1H