GOLD - USD - 1H - Technical analysis published on 01/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
0%
56%
My opinion
Bullish above 1,513.35 USD
My targets
1,525.07 USD (+0.35%)
1,544.30 USD (+1.61%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,513.35 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,513.35 USD. The next bullish objective for buyers is set at 1,525.07 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,544.30 USD. If there is any crossing, the next objective would be the resistance located at 1,792.46 USD. PS: if there is a bearish break in the support located at 1,513.35 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
4.6
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.
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Additional analysis
Quotes
GOLD - USD rating 1,519.82 USD. The price has increased by +0.09% since the last closing and was traded between 1,517.29 USD and 1,521.50 USD over the period. The price is currently at +0.17% from its lowest and -0.11% from its highest.1,517.29
1,521.50
1,519.82
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLD - USD chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,481.75 | 1,488.77 | 1,513.35 | 1,519.82 | 1,525.07 | 1,544.30 | 1,792.46 |
| Change (%) | -2.50% | -2.04% | -0.43% | - | +0.35% | +1.61% | +17.94% |
| Change | -38.07 | -31.05 | -6.47 | - | +5.25 | +24.48 | +272.64 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,512.48 | 1,514.96 | 1,516.72 | 1,519.20 | 1,520.96 | 1,523.44 | 1,525.20 |
| Camarilla | 1,517.30 | 1,517.69 | 1,518.08 | 1,518.47 | 1,518.86 | 1,519.25 | 1,519.64 |
| Woodie | 1,512.11 | 1,514.78 | 1,516.35 | 1,519.02 | 1,520.59 | 1,523.26 | 1,524.83 |
| Fibonacci | 1,514.96 | 1,516.58 | 1,517.58 | 1,519.20 | 1,520.82 | 1,521.82 | 1,523.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,449.45 | 1,463.48 | 1,487.32 | 1,501.35 | 1,525.19 | 1,539.22 | 1,563.06 |
| Camarilla | 1,500.74 | 1,504.21 | 1,507.68 | 1,511.15 | 1,514.62 | 1,518.09 | 1,521.56 |
| Woodie | 1,454.35 | 1,465.93 | 1,492.22 | 1,503.80 | 1,530.09 | 1,541.67 | 1,567.96 |
| Fibonacci | 1,463.48 | 1,477.95 | 1,486.89 | 1,501.35 | 1,515.82 | 1,524.76 | 1,539.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,402.81 | 1,428.38 | 1,474.26 | 1,499.83 | 1,545.71 | 1,571.28 | 1,617.16 |
| Camarilla | 1,500.50 | 1,507.05 | 1,513.60 | 1,520.15 | 1,526.70 | 1,533.25 | 1,539.80 |
| Woodie | 1,412.98 | 1,433.46 | 1,484.43 | 1,504.91 | 1,555.88 | 1,576.36 | 1,627.33 |
| Fibonacci | 1,428.38 | 1,455.67 | 1,472.53 | 1,499.83 | 1,527.12 | 1,543.98 | 1,571.28 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.67 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | -2.63 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 1,520.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,523.22 | |
| Elder Ray (13): | -0.65 | |
| Super Trend (3,10): | 1,525.06 | |
| Zig ZAG (10): | 1,520.42 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 58.35 | |
| TEMA (21): | 1,519.52 | |
| Williams %R (14): | -40.69 | |
| Chande Momentum Oscillator (20): | 2.10 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1,513.60 | |
| MA20: | 1,488.26 | |
| MA50: | 1,480.51 | |
| MA100: | 1,492.92 | |
| MAexp7: | 1,519.95 | |
| MAexp20: | 1,519.99 | |
| MAexp50: | 1,518.24 | |
| MAexp100: | 1,512.98 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +2.12% | |
| Price / MA50: | +2.66% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.45% |
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:
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This member declared not having a position on this financial instrument or a related financial instrument.
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