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 07/19/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bullish
Technical indicators
17%
44%
39%
My opinion
Neutral between 1,419.77 USD and 1,431.41 USD
My targets
-
My analysis
The current short-term bearish trend is in contrast to the bullish trend. GOLD - USD is apparently trying to reverse the trend. The return to a neutral and then bearish trend should not be long in coming if the current decline continues. What is currently happening on GOLD - USD basics that the price is plunging so much? In such a situation, it would be feasible to stay away from GOLD - USD or not try to counterbalance this current drop in the short term. If there is a sale, the sellers could use the support located at 1,419.77 USD as an objective. Sellers could then target the support located at 1,401.06 USD. If there is any crossing, the next objective would be support 1,394.36 USD. Attention should be paid to the price reaction at the start of the supports as trend traders may consider resuming purchases if the basic trend has not been able to ease or if the short term has itself become excessive.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,427.81 USD. The price is lower by -1.05% since the last closing with the lowest point at 1,426.23 USD and the highest point at 1,445.35 USD. The deviation from the price is +0.11% for the low point and -1.21% for the high point.

1,426.23
1,445.35
1,427.81

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,394.36 1,401.06 1,419.77 1,427.81 1,431.41 1,544.30 1,909.60
Change (%) -2.34% -1.87% -0.56% - +0.25% +8.16% +33.74%
Change -33.45 -26.75 -8.04 - +3.60 +116.49 +481.79
Level Minor Intermediate Intermediate - Major Minor Intermediate



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
Standard1,382.491,398.611,420.791,436.911,459.091,475.211,497.39
Camarilla1,432.441,435.951,439.461,442.971,446.481,449.991,453.50
Woodie1,385.521,400.131,423.821,438.431,462.121,476.731,500.42
Fibonacci1,398.611,413.241,422.281,436.911,451.541,460.581,475.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,350.561,368.191,391.961,409.591,433.361,450.991,474.76
Camarilla1,404.341,408.131,411.931,415.721,419.521,423.311,427.11
Woodie1,353.621,369.731,395.021,411.131,436.421,452.531,477.82
Fibonacci1,368.191,384.011,393.781,409.591,425.411,435.181,450.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,197.271,251.621,330.611,384.961,463.951,518.301,597.29
Camarilla1,372.931,385.151,397.381,409.601,421.821,434.051,446.27
Woodie1,209.591,257.781,342.931,391.121,476.271,524.461,609.61
Fibonacci1,251.621,302.561,334.021,384.961,435.901,467.361,518.30

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.04
MACD (12,26,9): 1.9300
Directional Movement: 0.63
AROON (14): -85.71
DEMA (21): 1,440.49
Parabolic SAR (0,02-0,02-0,2): 1,445.14
Elder Ray (13): -1.67
Super Trend (3,10): 1,450.89
Zig ZAG (10): 1,427.61
VORTEX (21): 1.0200
Stochastique (14,3,5): 24.25
TEMA (21): 1,437.49
Williams %R (14): -93.82
Chande Momentum Oscillator (20): -14.68
Repulse (5,40,3): -0.8900
ROCnROLL: -1
TRIX (15,9): 0.0400
Courbe Coppock: 0.77
MA7: 1,419.43
MA20: 1,414.19
MA50: 1,354.92
MA100: 1,323.07
MAexp7: 1,436.18
MAexp20: 1,437.29
MAexp50: 1,430.80
MAexp100: 1,423.89
Price / MA7: +0.59%
Price / MA20: +0.96%
Price / MA50: +5.38%
Price / MA100: +7.92%
Price / MAexp7: -0.58%
Price / MAexp20: -0.66%
Price / MAexp50: -0.21%
Price / MAexp100: +0.28%

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

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