GOLD - USD
GOLD - USD
1,489.16 USD (+0.48%)
Real time - Gold & Silver Spot
Open: 1,482.05
Change: +7.12
Volume: 402,933
Low: 1,477.08
High: 1,491.65
High / Low range: 14.57
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 08/07/2019

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  • Timeframe : 1H
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1,474.75 USD
My targets
1,544.30 USD (+3.84%)
1,909.60 USD (+28.40%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,474.75 USD. The next resistance located at 1,544.30 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,909.60 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

The GOLD - USD price is 1,487.18 USD. On the day, this instrument gained +0.70% and was between 1,474.56 USD and 1,491.37 USD. This implies that the price is at +0.86% from its lowest and at -0.28% from its highest.

1,474.56
1,491.37
1,487.18

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



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GOLD - USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

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 over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1,442.97 1,456.48 1,474.75 1,487.18 1,544.30 1,909.60
Change (%) -2.97% -2.06% -0.84% - +3.84% +28.40%
Change -44.21 -30.70 -12.43 - +57.12 +422.42
Level Minor Minor Intermediate - 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
Standard1,442.151,449.311,463.071,470.231,483.991,491.151,504.91
Camarilla1,471.071,472.991,474.901,476.821,478.741,480.661,482.57
Woodie1,445.441,450.961,466.361,471.881,487.281,492.801,508.20
Fibonacci1,449.311,457.311,462.241,470.231,478.231,483.161,491.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,362.401,381.471,411.061,430.131,459.721,478.791,508.38
Camarilla1,427.271,431.731,436.191,440.651,445.111,449.571,454.03
Woodie1,367.661,384.101,416.321,432.761,464.981,481.421,513.64
Fibonacci1,381.471,400.061,411.541,430.131,448.721,460.201,478.79


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,307.151,344.481,378.361,415.691,449.571,486.901,520.78
Camarilla1,392.651,399.181,405.701,412.231,418.761,425.291,431.81
Woodie1,305.421,343.621,376.631,414.831,447.841,486.041,519.05
Fibonacci1,344.481,371.691,388.491,415.691,442.901,459.701,486.90

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): 73.64
MACD (12,26,9): 5.7500
Directional Movement: 18.66
AROON (14): 85.71
DEMA (21): 1,486.21
Parabolic SAR (0,02-0,02-0,2): 1,482.58
Elder Ray (13): 4.67
Super Trend (3,10): 1,473.31
Zig ZAG (10): 1,486.78
VORTEX (21): 1.2300
Stochastique (14,3,5): 76.12
TEMA (21): 1,487.80
Williams %R (14): -20.00
Chande Momentum Oscillator (20): 12.68
Repulse (5,40,3): -0.0500
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 1.95
MA7: 1,451.33
MA20: 1,430.89
MA50: 1,394.46
MA100: 1,341.10
MAexp7: 1,484.68
MAexp20: 1,478.79
MAexp50: 1,468.87
MAexp100: 1,457.01
Price / MA7: +2.47%
Price / MA20: +3.93%
Price / MA50: +6.65%
Price / MA100: +10.89%
Price / MAexp7: +0.17%
Price / MAexp20: +0.57%
Price / MAexp50: +1.25%
Price / MAexp100: +2.07%

News


The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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