GOLD - USD - 1H - Technical analysis published on 02/03/2020 (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:
Bearish
De fond:
Slightly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 1,586.13 USD
My targets
1,570.93 USD (-0.38%)
1,563.52 USD (-0.85%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade GOLD - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1,586.13 USD. The next bearish objective for sellers is set at 1,570.93 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,563.52 USD. In case of crossing, the next objective would be the support located at 1,551.94 USD. In the event of a bullish break in the resistance located at 1,586.13 USD a certain indecision would take hold.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
1.6
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Additional analysis
Quotes
The GOLD - USD rating is 1,576.96 USD. On the day, this instrument lost -0.78% and was between 1,569.62 USD and 1,593.61 USD. This implies that the price is at +0.47% from its lowest and at -1.04% from its highest.1,569.62
1,593.61
1,576.96
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
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 this 1H chart of GOLD - USD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
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.
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 | 1,551.94 | 1,563.52 | 1,570.93 | 1,576.96 | 1,586.13 | 1,595.11 | 1,792.46 |
| Change (%) | -1.59% | -0.85% | -0.38% | - | +0.58% | +1.15% | +13.67% |
| Change | -25.02 | -13.44 | -6.03 | - | +9.17 | +18.15 | +215.50 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 | 1,557.08 | 1,564.00 | 1,576.71 | 1,583.63 | 1,596.34 | 1,603.26 | 1,615.97 |
| Camarilla | 1,584.01 | 1,585.81 | 1,587.61 | 1,589.41 | 1,591.21 | 1,593.01 | 1,594.81 |
| Woodie | 1,559.97 | 1,565.45 | 1,579.60 | 1,585.08 | 1,599.23 | 1,604.71 | 1,618.86 |
| Fibonacci | 1,564.00 | 1,571.50 | 1,576.14 | 1,583.63 | 1,591.13 | 1,595.77 | 1,603.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,544.48 | 1,553.92 | 1,571.67 | 1,581.11 | 1,598.86 | 1,608.30 | 1,626.05 |
| Camarilla | 1,581.93 | 1,584.43 | 1,586.92 | 1,589.41 | 1,591.90 | 1,594.40 | 1,596.89 |
| Woodie | 1,548.63 | 1,556.00 | 1,575.82 | 1,583.19 | 1,603.01 | 1,610.38 | 1,630.20 |
| Fibonacci | 1,553.92 | 1,564.31 | 1,570.73 | 1,581.11 | 1,591.50 | 1,597.92 | 1,608.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,439.76 | 1,478.52 | 1,533.97 | 1,572.73 | 1,628.18 | 1,666.94 | 1,722.39 |
| Camarilla | 1,563.50 | 1,572.14 | 1,580.77 | 1,589.41 | 1,598.05 | 1,606.68 | 1,615.32 |
| Woodie | 1,448.10 | 1,482.69 | 1,542.31 | 1,576.90 | 1,636.52 | 1,671.11 | 1,730.73 |
| Fibonacci | 1,478.52 | 1,514.51 | 1,536.75 | 1,572.73 | 1,608.72 | 1,630.96 | 1,666.94 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.92 | |
| MACD (12,26,9): | -1.0000 | |
| Directional Movement: | -5.19 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 1,576.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,563.95 | |
| Elder Ray (13): | -0.66 | |
| Super Trend (3,10): | 1,564.01 | |
| Zig ZAG (10): | 1,576.80 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 63.80 | |
| TEMA (21): | 1,575.92 | |
| Williams %R (14): | -35.57 | |
| Chande Momentum Oscillator (20): | -1.86 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.20 |
| MA7: | 1,577.19 | |
| MA20: | 1,565.49 | |
| MA50: | 1,518.57 | |
| MA100: | 1,504.10 | |
| MAexp7: | 1,576.91 | |
| MAexp20: | 1,577.95 | |
| MAexp50: | 1,578.58 | |
| MAexp100: | 1,577.27 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +3.85% | |
| Price / MA100: | +4.84% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.02% |
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:
-
Gold Forecast February 4, 2020
-
Gold Technical Analysis for February 04, 2020 by FXEmpire
-
Technical Trade Levels: US Dollar, EUR/USD, Crude Oil, Gold and S&P
-
Gold Forecast February 3, 2020
-
Gold Technical Analysis for February 03, 2018 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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