GOLD - USD - Daily - Technical analysis published on 10/29/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1,909.60 USD
My targets
1,792.46 USD (-4.09%)
1,682.00 USD (-10.00%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GOLD - USD, which is a positive signal for sellers. As long as the price remains above 1,909.60 USD, a sale could be considered. The first bearish objective is located at 1,792.46 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,682.00 USD as an objective. Crossing it would then enable sellers to target 1,546.29 USD. If the price were to return above 1,909.60 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 1,868.82 USD. On the day, this instrument lost -0.58% with the lowest point at 1,860.02 USD and the highest point at 1,885.07 USD. The deviation from the price is +0.47% for the low point and -0.86% for the high point.1,860.02
1,885.07
1,868.82
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of GOLD - USD in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,682.00 | 1,792.46 | 1,855.03 | 1,868.82 | 1,909.60 | 2,069.41 |
| Change (%) | -10.00% | -4.09% | -0.74% | - | +2.18% | +10.73% |
| Change | -186.82 | -76.36 | -13.79 | - | +40.78 | +200.59 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,820.89 | 1,845.16 | 1,862.43 | 1,886.70 | 1,903.97 | 1,928.24 | 1,945.51 |
| Camarilla | 1,868.29 | 1,872.09 | 1,875.90 | 1,879.71 | 1,883.52 | 1,887.33 | 1,891.13 |
| Woodie | 1,817.40 | 1,843.41 | 1,858.94 | 1,884.95 | 1,900.48 | 1,926.49 | 1,942.02 |
| Fibonacci | 1,845.16 | 1,861.03 | 1,870.83 | 1,886.70 | 1,902.57 | 1,912.37 | 1,928.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,849.68 | 1,872.03 | 1,886.77 | 1,909.12 | 1,923.86 | 1,946.21 | 1,960.95 |
| Camarilla | 1,891.30 | 1,894.70 | 1,898.10 | 1,901.50 | 1,904.90 | 1,908.30 | 1,911.70 |
| Woodie | 1,845.87 | 1,870.13 | 1,882.96 | 1,907.22 | 1,920.05 | 1,944.31 | 1,957.14 |
| Fibonacci | 1,872.03 | 1,886.20 | 1,894.96 | 1,909.12 | 1,923.29 | 1,932.05 | 1,946.21 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.50 | |
| MACD (12,26,9): | -6.4400 | |
| Directional Movement: | -11.96 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1,892.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,932.08 | |
| Elder Ray (13): | -24.58 | |
| Super Trend (3,10): | 1,948.06 | |
| Zig ZAG (10): | 1,869.66 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 25.20 | |
| TEMA (21): | 1,890.30 | |
| Williams %R (14): | -86.20 | |
| Chande Momentum Oscillator (20): | -23.58 | |
| Repulse (5,40,3): | -1.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.74 |
| MA7: | 1,897.78 | |
| MA20: | 1,901.32 | |
| MA50: | 1,917.18 | |
| MA100: | 1,888.80 | |
| MAexp7: | 1,891.43 | |
| MAexp20: | 1,900.68 | |
| MAexp50: | 1,904.19 | |
| MAexp100: | 1,871.31 | |
| Price / MA7: | -1.53% | |
| Price / MA20: | -1.71% | |
| Price / MA50: | -2.52% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -1.68% | |
| Price / MAexp50: | -1.86% | |
| Price / MAexp100: | -0.13% |
Quotes :
2020-10-29 16:35:44
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Real time data
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Gold & Silver Spot
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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