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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 10/15/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 1,909.60 USD
My targets
1,891.99 USD (-0.26%)
1,882.21 USD (-0.77%)
My analysis
The bearish basic trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1,909.60 USD. Crossing the first support at 1,891.99 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1,882.21 USD as an objective. Crossing it would then enable sellers to target 1,872.90 USD. Caution, a return to above the resistance located at 1,909.60 USD would be a sign of a possible consolidation phase of 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8

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.

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

Additional analysis

Quotes

The GOLD - USD rating is 1,896.91 USD. The price is lower by -0.07% since the last closing and was traded between 1,892.01 USD and 1,903.73 USD over the period. The price is currently at +0.26% from its lowest and -0.36% from its highest.

1,892.01
1,903.73
1,896.91

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



Here is a more detailed summary of the historical variations registered by GOLD - USD:

Technical


A technical analysis in 1H of this GOLD - USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,872.90 1,882.21 1,891.99 1,896.91 1,898.03 1,909.60 1,921.23
Change (%) -1.27% -0.77% -0.26% - +0.06% +0.67% +1.28%
Change -24.01 -14.70 -4.92 - +1.12 +12.69 +24.32
Level Intermediate Major Minor - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,852.271,867.371,882.821,897.921,913.371,928.471,943.92
Camarilla1,889.881,892.681,895.481,898.281,901.081,903.881,906.68
Woodie1,852.461,867.461,883.011,898.011,913.561,928.561,944.11
Fibonacci1,867.371,879.041,886.251,897.921,909.591,916.801,928.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,833.881,853.391,891.621,911.131,949.361,968.872,007.10
Camarilla1,913.971,919.261,924.561,929.851,935.141,940.441,945.73
Woodie1,843.241,858.071,900.981,915.811,958.721,973.552,016.46
Fibonacci1,853.391,875.451,889.071,911.131,933.191,946.811,968.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,683.031,765.901,826.761,909.631,970.492,053.362,114.22
Camarilla1,848.101,861.281,874.461,887.631,900.811,913.981,927.16
Woodie1,672.041,760.401,815.771,904.131,959.502,047.862,103.23
Fibonacci1,765.901,820.801,854.721,909.631,964.531,998.452,053.36

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): 51.67
MACD (12,26,9): -0.3200
Directional Movement: -0.62
AROON (14): -42.86
DEMA (21): 1,899.05
Parabolic SAR (0,02-0,02-0,2): 1,892.24
Elder Ray (13): 1.89
Super Trend (3,10): 1,891.93
Zig ZAG (10): 1,900.63
VORTEX (21): 1.0100
Stochastique (14,3,5): 60.69
TEMA (21): 1,899.38
Williams %R (14): -53.40
Chande Momentum Oscillator (20): -3.41
Repulse (5,40,3): -0.1100
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.45
MA7: 1,903.76
MA20: 1,897.53
MA50: 1,930.42
MA100: 1,870.43
MAexp7: 1,898.82
MAexp20: 1,899.77
MAexp50: 1,901.99
MAexp100: 1,904.10
Price / MA7: -0.36%
Price / MA20: -0.03%
Price / MA50: -1.74%
Price / MA100: +1.42%
Price / MAexp7: -0.10%
Price / MAexp20: -0.15%
Price / MAexp50: -0.27%
Price / MAexp100: -0.38%

Quotes : 2020-10-15 08:29:52 - 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:

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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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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