GOLD - USD - 1H - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1,462.93 USD
My targets
1,484.10 USD (+0.55%)
1,512.92 USD (+2.51%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 1,462.93 USD. The buyers” bullish objective is set at 1,484.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,512.92 USD. If there is any crossing, the next objective would be the resistance located at 1,544.30 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.4
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Additional analysis
Quotes
The GOLD - USD rating is 1,475.93 USD. On the day, this instrument lost -0.01% and was traded between 1,471.47 USD and 1,476.48 USD over the period. The price is currently at +0.30% from its lowest and -0.04% from its highest.1,471.47
1,476.48
1,475.93
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,458.40 | 1,462.93 | 1,473.64 | 1,475.93 | 1,484.10 | 1,512.92 | 1,544.30 |
| Change (%) | -1.19% | -0.88% | -0.16% | - | +0.55% | +2.51% | +4.63% |
| Change | -17.53 | -13.00 | -2.29 | - | +8.17 | +36.99 | +68.37 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
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 | 1,465.08 | 1,469.03 | 1,472.52 | 1,476.47 | 1,479.96 | 1,483.91 | 1,487.40 |
| Camarilla | 1,473.97 | 1,474.66 | 1,475.34 | 1,476.02 | 1,476.70 | 1,477.38 | 1,478.07 |
| Woodie | 1,464.86 | 1,468.92 | 1,472.30 | 1,476.36 | 1,479.74 | 1,483.80 | 1,487.18 |
| Fibonacci | 1,469.03 | 1,471.87 | 1,473.63 | 1,476.47 | 1,479.31 | 1,481.07 | 1,483.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,437.29 | 1,443.70 | 1,453.79 | 1,460.20 | 1,470.29 | 1,476.70 | 1,486.79 |
| Camarilla | 1,459.34 | 1,460.86 | 1,462.37 | 1,463.88 | 1,465.39 | 1,466.91 | 1,468.42 |
| Woodie | 1,439.13 | 1,444.62 | 1,455.63 | 1,461.12 | 1,472.13 | 1,477.62 | 1,488.63 |
| Fibonacci | 1,443.70 | 1,450.00 | 1,453.90 | 1,460.20 | 1,466.50 | 1,470.40 | 1,476.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,363.83 | 1,404.73 | 1,434.31 | 1,475.21 | 1,504.79 | 1,545.69 | 1,575.27 |
| Camarilla | 1,444.50 | 1,450.96 | 1,457.42 | 1,463.88 | 1,470.34 | 1,476.80 | 1,483.26 |
| Woodie | 1,358.16 | 1,401.90 | 1,428.64 | 1,472.38 | 1,499.12 | 1,542.86 | 1,569.60 |
| Fibonacci | 1,404.73 | 1,431.66 | 1,448.29 | 1,475.21 | 1,502.14 | 1,518.77 | 1,545.69 |
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): | 51.06 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -2.14 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 1,475.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,477.50 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 1,478.50 | |
| Zig ZAG (10): | 1,475.85 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 77.18 | |
| TEMA (21): | 1,474.72 | |
| Williams %R (14): | -12.57 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1,469.56 | |
| MA20: | 1,466.08 | |
| MA50: | 1,482.28 | |
| MA100: | 1,487.59 | |
| MAexp7: | 1,475.14 | |
| MAexp20: | 1,475.35 | |
| MAexp50: | 1,474.97 | |
| MAexp100: | 1,472.34 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.24% |
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 Forecast December 6, 2019
-
Gold Technical Analysis for December 06, 2019 by FXEmpire
-
Gold Forecast December 5, 2019
-
Looking for gold to hit $1,700 as US dollar loses steam | Trading the markets
-
Gold Technical Analysis for December 05, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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