GOLD - USD
GOLD - USD
1,949.92 USD (+0.14%)
Real time data - Gold & Silver Spot
Open: 1,947.23
Change: +2.68
Volume: 605,753
Low: 1,945.14
High: 1,960.13
High / Low range: 14.99
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 07:34:16
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1,950.12 USD
My targets
1,972.66 USD (+0.35%)
2,069.41 USD (+5.27%)
My analysis
The basic bullish trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1,950.12 USD. Crossing the first resistance at 1,972.66 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2,069.41 USD as an objective. Caution, a return to below 1,950.12 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The GOLD - USD price is 1,965.76 USD. On the day, this instrument gained +0.61% and was traded between 1,949.90 USD and 1,965.90 USD over the period. The price is currently at +0.81% from its lowest and -0.01% from its highest.

1,949.90
1,965.90
1,965.76

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of GOLD - USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,916.45 1,937.11 1,950.12 1,965.76 1,966.59 1,972.66 2,069.41
Change (%) -2.51% -1.46% -0.80% - +0.04% +0.35% +5.27%
Change -49.31 -28.65 -15.64 - +0.83 +6.90 +103.65
Level Minor Intermediate Minor - Minor Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,920.421,934.441,944.191,958.211,967.961,981.981,991.73
Camarilla1,947.391,949.571,951.751,953.931,956.111,958.291,960.47
Woodie1,918.281,933.371,942.051,957.141,965.821,980.911,989.59
Fibonacci1,934.441,943.521,949.131,958.211,967.291,972.901,981.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard914.311,201.651,500.431,787.772,086.552,373.892,672.67
Camarilla1,638.031,691.761,745.481,799.211,852.941,906.671,960.39
Woodie920.031,204.511,506.151,790.632,092.272,376.752,678.39
Fibonacci1,201.651,425.551,563.871,787.772,011.672,149.992,373.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,226.061,510.951,505.321,790.211,784.582,069.472,063.84
Camarilla1,422.881,448.481,474.081,499.681,525.281,550.881,576.48
Woodie1,080.791,438.321,360.051,717.581,639.311,996.841,918.57
Fibonacci1,510.951,617.631,683.541,790.211,896.891,962.802,069.47

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): 60.39
MACD (12,26,9): 0.7700
Directional Movement: 7.62
AROON (14): 42.86
DEMA (21): 1,959.24
Parabolic SAR (0,02-0,02-0,2): 1,949.05
Elder Ray (13): 3.70
Super Trend (3,10): 1,965.88
Zig ZAG (10): 1,963.59
VORTEX (21): 0.9700
Stochastique (14,3,5): 84.22
TEMA (21): 1,958.99
Williams %R (14): -8.66
Chande Momentum Oscillator (20): 9.21
Repulse (5,40,3): 0.2200
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.31
MA7: 1,865.56
MA20: 1,915.92
MA50: 1,924.18
MA100: 1,831.20
MAexp7: 1,960.33
MAexp20: 1,958.39
MAexp50: 1,956.31
MAexp100: 1,952.37
Price / MA7: +5.37%
Price / MA20: +2.60%
Price / MA50: +2.16%
Price / MA100: +7.35%
Price / MAexp7: +0.28%
Price / MAexp20: +0.38%
Price / MAexp50: +0.48%
Price / MAexp100: +0.69%

Quotes : 2020-09-16 07:34:15 - Real time data - Gold & Silver Spot

News


The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

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