GOLD - USD - 1H - Technical analysis published on 01/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,578.07 USD
My targets
1,588.64 USD (+0.42%)
1,595.11 USD (+0.83%)
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 1,578.07 USD. The buyers” bullish objective is set at 1,588.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,595.11 USD. If there is any crossing, the next objective would be the resistance located at 1,792.46 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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Additional analysis
Quotes
GOLD - USD rating 1,582.05 USD. The price has increased by +0.32% since the last closing and was traded between 1,576.02 USD and 1,582.57 USD over the period. The price is currently at +0.38% from its lowest and -0.03% from its highest.1,576.02
1,582.57
1,582.05
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,551.94 | 1,563.52 | 1,578.07 | 1,582.05 | 1,582.36 | 1,588.64 | 1,595.11 |
| Change (%) | -1.90% | -1.17% | -0.25% | - | +0.02% | +0.42% | +0.83% |
| Change | -30.11 | -18.53 | -3.98 | - | +0.31 | +6.59 | +13.06 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Intermediate |
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 | 1,552.90 | 1,558.13 | 1,567.60 | 1,572.83 | 1,582.30 | 1,587.53 | 1,597.00 |
| Camarilla | 1,573.02 | 1,574.37 | 1,575.71 | 1,577.06 | 1,578.41 | 1,579.76 | 1,581.10 |
| Woodie | 1,555.01 | 1,559.19 | 1,569.71 | 1,573.89 | 1,584.41 | 1,588.59 | 1,599.11 |
| Fibonacci | 1,558.13 | 1,563.75 | 1,567.22 | 1,572.83 | 1,578.45 | 1,581.92 | 1,587.53 |
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): | 68.53 | |
| MACD (12,26,9): | 2.3400 | |
| Directional Movement: | 10.93 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1,579.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,574.41 | |
| Elder Ray (13): | 2.20 | |
| Super Trend (3,10): | 1,572.02 | |
| Zig ZAG (10): | 1,580.71 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 86.76 | |
| TEMA (21): | 1,581.20 | |
| Williams %R (14): | -5.35 | |
| Chande Momentum Oscillator (20): | 4.16 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.95 |
| MA7: | 1,571.78 | |
| MA20: | 1,563.33 | |
| MA50: | 1,513.69 | |
| MA100: | 1,502.37 | |
| MAexp7: | 1,579.22 | |
| MAexp20: | 1,576.48 | |
| MAexp50: | 1,574.38 | |
| MAexp100: | 1,572.18 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +4.52% | |
| Price / MA100: | +5.30% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.63% |
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
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Gold Forecast January 30, 2020
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Gold Technical Analysis for January 30, 2020 by FXEmpire
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Apple helps lift stocks ahead of Fed, gold rebounds
-
Direxion Daily Gold Miners Index Bear 3X Shares - DUST Stock Chart Technical Analysis for 01-28-2020
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Gold Forecast January 29, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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