GOLD - USD - 1H - Technical analysis published on 11/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- 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
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
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.
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:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
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): | 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
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Real time data
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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:
- Gold and Silver Forecast November 24, 2020
- Gold Technical Analysis for November 24, 2020 by FXEmpire
- Understanding Gold Market Cycles
- Gold and Silver Forecast November 23, 2020
- Gold Technical Analysis for the Week of November 23, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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