GOLD - USD - Daily - Technical analysis published on 11/20/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1,909.60 USD
My targets
1,792.46 USD (-3.99%)
1,682.00 USD (-9.90%)
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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 1,866.86 USD. The price registered an increase of +0.20% on the session and was traded between 1,861.31 USD and 1,869.88 USD over the period. The price is currently at +0.30% from its lowest and -0.16% from its highest.1,861.31
1,869.88
1,866.86
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,682.00 | 1,792.46 | 1,855.03 | 1,866.86 | 1,909.60 | 2,005.39 | 2,069.41 |
Change (%) | -9.90% | -3.99% | -0.63% | - | +2.29% | +7.42% | +10.85% |
Change | -184.86 | -74.40 | -11.83 | - | +42.74 | +138.53 | +202.55 |
Level | Intermediate | Intermediate | Major | - | Major | 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 |
---|---|---|---|---|---|---|---|
Standard | 1,832.81 | 1,842.78 | 1,852.98 | 1,862.95 | 1,873.15 | 1,883.12 | 1,893.32 |
Camarilla | 1,857.63 | 1,859.48 | 1,861.33 | 1,863.18 | 1,865.03 | 1,866.88 | 1,868.73 |
Woodie | 1,832.93 | 1,842.84 | 1,853.10 | 1,863.01 | 1,873.27 | 1,883.18 | 1,893.44 |
Fibonacci | 1,842.78 | 1,850.49 | 1,855.25 | 1,862.95 | 1,870.66 | 1,875.42 | 1,883.12 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,723.01 | 1,786.73 | 1,838.12 | 1,901.84 | 1,953.23 | 2,016.95 | 2,068.34 |
Camarilla | 1,857.86 | 1,868.41 | 1,878.96 | 1,889.51 | 1,900.06 | 1,910.61 | 1,921.17 |
Woodie | 1,716.85 | 1,783.65 | 1,831.96 | 1,898.76 | 1,947.07 | 2,013.87 | 2,062.18 |
Fibonacci | 1,786.73 | 1,830.70 | 1,857.87 | 1,901.84 | 1,945.81 | 1,972.98 | 2,016.95 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,774.49 | 1,817.26 | 1,847.83 | 1,890.60 | 1,921.17 | 1,963.94 | 1,994.51 |
Camarilla | 1,858.24 | 1,864.96 | 1,871.69 | 1,878.41 | 1,885.13 | 1,891.86 | 1,898.58 |
Woodie | 1,768.40 | 1,814.21 | 1,841.74 | 1,887.55 | 1,915.08 | 1,960.89 | 1,988.42 |
Fibonacci | 1,817.26 | 1,845.27 | 1,862.58 | 1,890.60 | 1,918.61 | 1,935.92 | 1,963.94 |
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): | 43.56 | |
MACD (12,26,9): | -9.0700 | |
Directional Movement: | -13.91 | |
AROON (14): | 0 | |
DEMA (21): | 1,876.43 | |
Parabolic SAR (0,02-0,02-0,2): | 1,950.38 | |
Elder Ray (13): | -16.63 | |
Super Trend (3,10): | 1,863.05 | |
Zig ZAG (10): | 1,867.67 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 14.65 | |
TEMA (21): | 1,872.06 | |
Williams %R (14): | -85.43 | |
Chande Momentum Oscillator (20): | -37.61 | |
Repulse (5,40,3): | -0.1600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0500 | |
Courbe Coppock: | 2.37 |
MA7: | 1,877.14 | |
MA20: | 1,890.02 | |
MA50: | 1,900.35 | |
MA100: | 1,910.45 | |
MAexp7: | 1,875.46 | |
MAexp20: | 1,887.42 | |
MAexp50: | 1,896.40 | |
MAexp100: | 1,876.12 | |
Price / MA7: | -0.55% | |
Price / MA20: | -1.23% | |
Price / MA50: | -1.76% | |
Price / MA100: | -2.28% | |
Price / MAexp7: | -0.46% | |
Price / MAexp20: | -1.09% | |
Price / MAexp50: | -1.56% | |
Price / MAexp100: | -0.49% |
Quotes :
2020-11-20 06:37:45
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
- Gold Loans Boom with Potential to Reach $62.8 Billion
- Gold Loans Soar, Canadian Border Agent Questions Huawei CFO over Wikipedia
- Gold and Silver Forecast November 20, 2020
- Gold Technical Analysis for November 20, 2020 by FXEmpire
- Gold and Silver Forecast November 19, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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