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 11/24/2020 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1,831.03 USD
My targets
1,792.46 USD (-1.84%)
1,774.49 USD (-2.82%)
My analysis
The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 1,831.03 USD, you could try to take advantage of the bearish rally. 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 1,774.49 USD as an objective. Crossing it would then enable sellers to target 1,682.00 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8

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. Daily Weekly

Additional analysis

Quotes

GOLD - USD rating 1,826.07 USD. The price registered a decrease of -0.52% on the session with the lowest point at 1,821.34 USD and the highest point at 1,836.41 USD. The deviation from the price is +0.26% for the low point and -0.56% for the high point.

1,821.34
1,836.41
1,826.07

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



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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour


Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,546.29 1,682.00 1,792.46 1,826.07 1,831.03 1,855.03 1,864.60
Change (%) -15.32% -7.89% -1.84% - +0.27% +1.59% +2.11%
Change -279.78 -144.07 -33.61 - +4.96 +28.96 +38.53
Level Intermediate Intermediate Major - Intermediate Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,773.931,802.481,819.081,847.631,864.231,892.781,909.38
Camarilla1,823.261,827.401,831.541,835.681,839.821,843.961,848.10
Woodie1,767.961,799.491,813.111,844.641,858.261,889.791,903.41
Fibonacci1,802.481,819.731,830.381,847.631,864.881,875.531,892.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,803.081,827.911,849.471,874.301,895.861,920.691,942.25
Camarilla1,858.261,862.521,866.771,871.021,875.271,879.531,883.78
Woodie1,801.441,827.091,847.831,873.481,894.221,919.871,940.61
Fibonacci1,827.911,845.631,856.581,874.301,892.021,902.971,920.69


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

Technical indicators
Moving averages

RSI (14): 28.17
MACD (12,26,9): -9.1000
Directional Movement: -23.72
AROON (14): -50.00
DEMA (21): 1,822.89
Parabolic SAR (0,02-0,02-0,2): 1,822.41
Elder Ray (13): -4.87
Super Trend (3,10): 1,840.84
Zig ZAG (10): 1,825.28
VORTEX (21): 0.6800
Stochastique (14,3,5): 25.78
TEMA (21): 1,820.89
Williams %R (14): -69.17
Chande Momentum Oscillator (20): -9.02
Repulse (5,40,3): -0.2500
ROCnROLL: 2
TRIX (15,9): -0.0800
Courbe Coppock: 1.75
MA7: 1,863.01
MA20: 1,882.81
MA50: 1,895.40
MA100: 1,911.29
MAexp7: 1,828.03
MAexp20: 1,835.05
MAexp50: 1,848.72
MAexp100: 1,858.79
Price / MA7: -1.98%
Price / MA20: -3.01%
Price / MA50: -3.66%
Price / MA100: -4.46%
Price / MAexp7: -0.10%
Price / MAexp20: -0.49%
Price / MAexp50: -1.22%
Price / MAexp100: -1.76%

Quotes : 2020-11-24 09:08:55 - 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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