GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 11/24/2020 (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

11%

72%

17%

My opinion

Bearish under 1,855.03 USD

My targets

1,792.46 USD (-2.13%)

1,682.00 USD (-8.16%)

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 1,855.03 USD. The next support located at 1,792.46 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 1,682.00 USD. Below this support, sellers could then target 1,546.29 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.3

Comment on the analysis

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 Simon1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 1,831.54 USD. The price is lower by -0.23% since the last closing and was between 1,821.34 USD and 1,836.41 USD. This implies that the price is at +0.56% from its lowest and at -0.27% from its highest.

1,821.34

1,836.41

1,831.54

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:

Technical

A technical analysis in Daily of this GOLD - USD chart shows a bearish trend. 75.00% 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, 13 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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,546.29	1,682.00	1,792.46	1,831.54	1,855.03	1,909.60	2,005.39
Change (%)	-15.57%	-8.16%	-2.13%	-	+1.28%	+4.26%	+9.49%
Change	-285.25	-149.54	-39.08	-	+23.49	+78.06	+173.85
Level	Intermediate	Intermediate	Major	-	Major	Major	Minor

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	1,773.93	1,802.48	1,819.08	1,847.63	1,864.23	1,892.78	1,909.38
Camarilla	1,823.26	1,827.40	1,831.54	1,835.68	1,839.82	1,843.96	1,848.10
Woodie	1,767.96	1,799.49	1,813.11	1,844.64	1,858.26	1,889.79	1,903.41
Fibonacci	1,802.48	1,819.73	1,830.38	1,847.63	1,864.88	1,875.53	1,892.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,803.08	1,827.91	1,849.47	1,874.30	1,895.86	1,920.69	1,942.25
Camarilla	1,858.26	1,862.52	1,866.77	1,871.02	1,875.27	1,879.53	1,883.78
Woodie	1,801.44	1,827.09	1,847.83	1,873.48	1,894.22	1,919.87	1,940.61
Fibonacci	1,827.91	1,845.63	1,856.58	1,874.30	1,892.02	1,902.97	1,920.69

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.85
MACD (12,26,9):	-14.6400
Directional Movement:	-19.45
AROON (14):	-78.57
DEMA (21):	1,860.87
Parabolic SAR (0,02-0,02-0,2):	1,943.69
Elder Ray (13):	-40.53
Super Trend (3,10):	1,913.71
Zig ZAG (10):	1,829.59
VORTEX (21):	0.8900
Stochastique (14,3,5):	9.11
TEMA (21):	1,852.00
Williams %R (14):	-94.09
Chande Momentum Oscillator (20):	-121.84
Repulse (5,40,3):	-1.9400
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	4.26

MA7:	1,863.58
MA20:	1,883.02
MA50:	1,895.47
MA100:	1,911.32
MAexp7:	1,857.57
MAexp20:	1,877.60
MAexp50:	1,891.57
MAexp100:	1,874.53
Price / MA7:	-1.72%
Price / MA20:	-2.73%
Price / MA50:	-3.37%
Price / MA100:	-4.17%
Price / MAexp7:	-1.40%
Price / MAexp20:	-2.45%
Price / MAexp50:	-3.17%
Price / MAexp100:	-2.29%

Quotes : 2020-11-24 07:23:53 - Real time data - Gold & Silver Spot

News

Don"t forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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