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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 10/29/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 1,894.66 USD
My targets
1,875.09 USD (-0.35%)
1,869.42 USD (-0.65%)
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 1,894.66 USD. The next support located at 1,875.09 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 1,869.42 USD. Below this support, sellers could then target 1,855.03 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
5

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 price is 1,881.60 USD. On the day, this instrument gained +0.10% and was traded between 1,875.80 USD and 1,881.88 USD over the period. The price is currently at +0.31% from its lowest and -0.01% from its highest.

1,875.80
1,881.88
1,881.60

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



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

Technical


Technical analysis of GOLD - USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,855.03 1,869.42 1,875.09 1,881.60 1,894.66 1,902.66 1,909.60
Change (%) -1.41% -0.65% -0.35% - +0.69% +1.12% +1.49%
Change -26.57 -12.18 -6.51 - +13.06 +21.06 +28.00
Level Intermediate Major Minor - Intermediate Minor 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
Standard1,820.891,845.161,862.431,886.701,903.971,928.241,945.51
Camarilla1,868.291,872.091,875.901,879.711,883.521,887.331,891.13
Woodie1,817.401,843.411,858.941,884.951,900.481,926.491,942.02
Fibonacci1,845.161,861.031,870.831,886.701,902.571,912.371,928.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,849.681,872.031,886.771,909.121,923.861,946.211,960.95
Camarilla1,891.301,894.701,898.101,901.501,904.901,908.301,911.70
Woodie1,845.871,870.131,882.961,907.221,920.051,944.311,957.14
Fibonacci1,872.031,886.201,894.961,909.121,923.291,932.051,946.21


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): 41.10
MACD (12,26,9): -5.6100
Directional Movement: -16.89
AROON (14): 7.14
DEMA (21): 1,875.76
Parabolic SAR (0,02-0,02-0,2): 1,871.76
Elder Ray (13): -1.22
Super Trend (3,10): 1,890.38
Zig ZAG (10): 1,880.75
VORTEX (21): 0.7500
Stochastique (14,3,5): 57.90
TEMA (21): 1,874.17
Williams %R (14): -25.82
Chande Momentum Oscillator (20): -1.86
Repulse (5,40,3): 0.1900
ROCnROLL: -1
TRIX (15,9): -0.0500
Courbe Coppock: 1.01
MA7: 1,899.43
MA20: 1,901.98
MA50: 1,917.44
MA100: 1,888.89
MAexp7: 1,879.12
MAexp20: 1,883.70
MAexp50: 1,892.33
MAexp100: 1,898.10
Price / MA7: -0.94%
Price / MA20: -1.07%
Price / MA50: -1.87%
Price / MA100: -0.39%
Price / MAexp7: +0.13%
Price / MAexp20: -0.11%
Price / MAexp50: -0.57%
Price / MAexp100: -0.87%

Quotes : 2020-10-29 03:58:48 - 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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