GOLD - USD - 1H - Technical analysis published on 10/20/2020 (GMT)
- Who voted?
- 111
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1,909.60 USD
My targets
1,889.51 USD (-0.64%)
1,882.46 USD (-1.02%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,909.60 USD. The next support located at 1,889.51 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,882.46 USD. Below this support, sellers could then target 1,792.46 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 1,901.77 USD. The price is lower by -0.07% since the last closing and was between 1,894.69 USD and 1,908.23 USD. This implies that the price is at +0.37% from its lowest and at -0.34% from its highest.1,894.69
1,908.23
1,901.77
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this GOLD - USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,882.46 | 1,889.51 | 1,897.10 | 1,901.77 | 1,902.87 | 1,909.60 | 1,918.51 |
| Change (%) | -1.02% | -0.64% | -0.25% | - | +0.06% | +0.41% | +0.88% |
| Change | -19.31 | -12.26 | -4.67 | - | +1.10 | +7.83 | +16.74 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,872.44 | 1,884.77 | 1,893.94 | 1,906.27 | 1,915.44 | 1,927.77 | 1,936.94 |
| Camarilla | 1,897.20 | 1,899.17 | 1,901.14 | 1,903.11 | 1,905.08 | 1,907.05 | 1,909.02 |
| Woodie | 1,870.86 | 1,883.98 | 1,892.36 | 1,905.48 | 1,913.86 | 1,926.98 | 1,935.36 |
| Fibonacci | 1,884.77 | 1,892.98 | 1,898.06 | 1,906.27 | 1,914.48 | 1,919.56 | 1,927.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,826.92 | 1,854.69 | 1,877.82 | 1,905.59 | 1,928.72 | 1,956.49 | 1,979.62 |
| Camarilla | 1,886.95 | 1,891.62 | 1,896.28 | 1,900.95 | 1,905.62 | 1,910.28 | 1,914.95 |
| Woodie | 1,824.60 | 1,853.53 | 1,875.50 | 1,904.43 | 1,926.40 | 1,955.33 | 1,977.30 |
| Fibonacci | 1,854.69 | 1,874.13 | 1,886.15 | 1,905.59 | 1,925.03 | 1,937.05 | 1,956.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,683.03 | 1,765.90 | 1,826.76 | 1,909.63 | 1,970.49 | 2,053.36 | 2,114.22 |
| Camarilla | 1,848.10 | 1,861.28 | 1,874.46 | 1,887.63 | 1,900.81 | 1,913.98 | 1,927.16 |
| Woodie | 1,672.04 | 1,760.40 | 1,815.77 | 1,904.13 | 1,959.50 | 2,047.86 | 2,103.23 |
| Fibonacci | 1,765.90 | 1,820.80 | 1,854.72 | 1,909.63 | 1,964.53 | 1,998.45 | 2,053.36 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.48 | |
| MACD (12,26,9): | -0.4100 | |
| Directional Movement: | -5.65 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1,902.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,895.74 | |
| Elder Ray (13): | -0.66 | |
| Super Trend (3,10): | 1,910.70 | |
| Zig ZAG (10): | 1,901.10 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 65.04 | |
| TEMA (21): | 1,902.84 | |
| Williams %R (14): | -55.02 | |
| Chande Momentum Oscillator (20): | 3.63 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1,904.12 | |
| MA20: | 1,894.55 | |
| MA50: | 1,925.22 | |
| MA100: | 1,875.57 | |
| MAexp7: | 1,903.49 | |
| MAexp20: | 1,903.80 | |
| MAexp50: | 1,904.22 | |
| MAexp100: | 1,904.50 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.14% |
Quotes :
2020-10-20 13:53:34
-
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:
-
Gold and Silver Forecast October 20, 2020
-
Gold Technical Analysis for October 20, 2020 by FXEmpire
-
Gold and Silver Forecast October 19, 2020
-
Gold Technical Analysis for the Week of October 19, 2020 by FXEmpire
-
Market Outlook: Gold, Mexican Peso, USD and More
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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