GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
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Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 01/24/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1,551.85 USD
My targets
1,568.66 USD (+0.44%)
1,595.11 USD (+2.14%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1,551.85 USD, you could try to benefit from the boom. The first bullish objective is located at 1,568.66 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,595.11 USD as an objective. Crossing it would then enable buyers to target 1,792.46 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.9

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

Additional analysis

Quotes

GOLD - USD rating 1,561.74 USD. On the day, this instrument gained +0.05% and was between 1,559.58 USD and 1,562.79 USD. This implies that the price is at +0.14% from its lowest and at -0.07% from its highest.

1,559.58
1,562.79
1,561.74

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD - USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

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. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,551.85 1,558.27 1,561.17 1,561.74 1,563.82 1,568.66 1,595.11
Change (%) -0.63% -0.22% -0.04% - +0.13% +0.44% +2.14%
Change -9.89 -3.47 -0.57 - +2.08 +6.92 +33.37
Level Intermediate Intermediate Intermediate - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,536.541,544.241,552.601,560.301,568.661,576.361,584.72
Camarilla1,556.541,558.021,559.491,560.961,562.431,563.901,565.38
Woodie1,536.871,544.411,552.931,560.471,568.991,576.531,585.05
Fibonacci1,544.241,550.381,554.171,560.301,566.441,570.231,576.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,515.051,525.521,541.501,551.971,567.951,578.421,594.40
Camarilla1,550.211,552.631,555.061,557.481,559.911,562.331,564.75
Woodie1,517.811,526.901,544.261,553.351,570.711,579.801,597.16
Fibonacci1,525.521,535.621,541.871,551.971,562.071,568.321,578.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,402.811,428.381,474.261,499.831,545.711,571.281,617.16
Camarilla1,500.501,507.051,513.601,520.151,526.701,533.251,539.80
Woodie1,412.981,433.461,484.431,504.911,555.881,576.361,627.33
Fibonacci1,428.381,455.671,472.531,499.831,527.121,543.981,571.28

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): 55.20
MACD (12,26,9): 1.0700
Directional Movement: 4.18
AROON (14): 28.57
DEMA (21): 1,562.49
Parabolic SAR (0,02-0,02-0,2): 1,567.50
Elder Ray (13): 0.42
Super Trend (3,10): 1,554.61
Zig ZAG (10): 1,561.97
VORTEX (21): 1.1300
Stochastique (14,3,5): 45.08
TEMA (21): 1,562.80
Williams %R (14): -71.02
Chande Momentum Oscillator (20): -1.89
Repulse (5,40,3): 0.0200
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.40
MA7: 1,558.83
MA20: 1,551.51
MA50: 1,505.05
MA100: 1,498.93
MAexp7: 1,561.80
MAexp20: 1,561.04
MAexp50: 1,559.49
MAexp100: 1,558.29
Price / MA7: +0.19%
Price / MA20: +0.66%
Price / MA50: +3.77%
Price / MA100: +4.19%
Price / MAexp7: +0.00%
Price / MAexp20: +0.04%
Price / MAexp50: +0.14%
Price / MAexp100: +0.22%

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

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