GOLD - USD - 1H - Technical analysis published on 01/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1,577.09 USD
My targets
1,551.94 USD (-0.84%)
1,544.30 USD (-1.33%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GOLD - USD, which is a positive signal for sellers. As long as the price remains above 1,577.09 USD, a sale could be considered. The first bearish objective is located at 1,551.94 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,544.30 USD as an objective. Crossing it would then enable sellers to target 1,513.35 USD. If the price were to return above 1,577.09 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.7
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Additional analysis
Quotes
The GOLD - USD price is 1,565.13 USD. On the day, this instrument gained -0.22% and was between 1,563.49 USD and 1,569.35 USD. This implies that the price is at +0.10% from its lowest and at -0.27% from its highest.1,563.49
1,569.35
1,565.13
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,544.30 | 1,551.94 | 1,561.24 | 1,565.13 | 1,568.66 | 1,577.09 | 1,582.36 |
| Change (%) | -1.33% | -0.84% | -0.25% | - | +0.23% | +0.76% | +1.10% |
| Change | -20.83 | -13.19 | -3.89 | - | +3.53 | +11.96 | +17.23 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | 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 | 1,544.12 | 1,554.84 | 1,561.67 | 1,572.39 | 1,579.22 | 1,589.94 | 1,596.77 |
| Camarilla | 1,563.68 | 1,565.29 | 1,566.90 | 1,568.51 | 1,570.12 | 1,571.73 | 1,573.34 |
| Woodie | 1,542.19 | 1,553.87 | 1,559.74 | 1,571.42 | 1,577.29 | 1,588.97 | 1,594.84 |
| Fibonacci | 1,554.84 | 1,561.54 | 1,565.68 | 1,572.39 | 1,579.09 | 1,583.23 | 1,589.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,524.17 | 1,535.25 | 1,553.69 | 1,564.77 | 1,583.21 | 1,594.29 | 1,612.73 |
| Camarilla | 1,564.00 | 1,566.71 | 1,569.41 | 1,572.12 | 1,574.83 | 1,577.53 | 1,580.24 |
| Woodie | 1,527.84 | 1,537.09 | 1,557.36 | 1,566.61 | 1,586.88 | 1,596.13 | 1,616.40 |
| Fibonacci | 1,535.25 | 1,546.53 | 1,553.50 | 1,564.77 | 1,576.05 | 1,583.02 | 1,594.29 |
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): | 29.78 | |
| MACD (12,26,9): | -3.2400 | |
| Directional Movement: | -20.19 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1,566.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,570.62 | |
| Elder Ray (13): | -3.41 | |
| Super Trend (3,10): | 1,573.64 | |
| Zig ZAG (10): | 1,565.16 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 12.87 | |
| TEMA (21): | 1,564.06 | |
| Williams %R (14): | -89.23 | |
| Chande Momentum Oscillator (20): | -5.18 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.14 |
| MA7: | 1,566.54 | |
| MA20: | 1,560.07 | |
| MA50: | 1,511.13 | |
| MA100: | 1,501.41 | |
| MAexp7: | 1,566.83 | |
| MAexp20: | 1,570.48 | |
| MAexp50: | 1,572.88 | |
| MAexp100: | 1,570.48 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | +3.57% | |
| Price / MA100: | +4.24% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.34% |
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
-
Direxion Daily Gold Miners Index Bear 3X Shares - DUST Stock Chart Technical Analysis for 01-28-2020
-
Gold Forecast January 29, 2020
-
Gold Technical Analysis for January 29, 2020 by FXEmpire
-
Gold Forecast January 28, 2020
-
Gold Technical Analysis for January 28, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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