GOLD - USD - 1H - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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.
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
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1,536.54 | 1,544.24 | 1,552.60 | 1,560.30 | 1,568.66 | 1,576.36 | 1,584.72 |
Camarilla | 1,556.54 | 1,558.02 | 1,559.49 | 1,560.96 | 1,562.43 | 1,563.90 | 1,565.38 |
Woodie | 1,536.87 | 1,544.41 | 1,552.93 | 1,560.47 | 1,568.99 | 1,576.53 | 1,585.05 |
Fibonacci | 1,544.24 | 1,550.38 | 1,554.17 | 1,560.30 | 1,566.44 | 1,570.23 | 1,576.36 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,515.05 | 1,525.52 | 1,541.50 | 1,551.97 | 1,567.95 | 1,578.42 | 1,594.40 |
Camarilla | 1,550.21 | 1,552.63 | 1,555.06 | 1,557.48 | 1,559.91 | 1,562.33 | 1,564.75 |
Woodie | 1,517.81 | 1,526.90 | 1,544.26 | 1,553.35 | 1,570.71 | 1,579.80 | 1,597.16 |
Fibonacci | 1,525.52 | 1,535.62 | 1,541.87 | 1,551.97 | 1,562.07 | 1,568.32 | 1,578.42 |
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 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% |
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
- Gold Forecast January 24, 2020
- Gold Technical Analysis for January 24, 2020 by FXEmpire
- Caledonia Mining aims to lift gold production 43%
- Gold Forecast January 23, 2020
- Gold Technical Analysis for January 23, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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