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 - 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

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1,832.811,842.781,852.981,862.951,873.151,883.121,893.32
Camarilla1,857.631,859.481,861.331,863.181,865.031,866.881,868.73
Woodie1,832.931,842.841,853.101,863.011,873.271,883.181,893.44
Fibonacci1,842.781,850.491,855.251,862.951,870.661,875.421,883.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,723.011,786.731,838.121,901.841,953.232,016.952,068.34
Camarilla1,857.861,868.411,878.961,889.511,900.061,910.611,921.17
Woodie1,716.851,783.651,831.961,898.761,947.072,013.872,062.18
Fibonacci1,786.731,830.701,857.871,901.841,945.811,972.982,016.95


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,774.491,817.261,847.831,890.601,921.171,963.941,994.51
Camarilla1,858.241,864.961,871.691,878.411,885.131,891.861,898.58
Woodie1,768.401,814.211,841.741,887.551,915.081,960.891,988.42
Fibonacci1,817.261,845.271,862.581,890.601,918.611,935.921,963.94

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 - Real time data - Gold & Silver Spot

This member declared not having a position on this financial instrument or a related financial instrument.

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