GOLD - USD - 1H - Technical analysis published on 02/07/2020 (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 bullish
De fond:
Bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 1,552.50 USD
My targets
1,579.77 USD (+0.88%)
1,586.02 USD (+1.28%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GOLD - USD. This is a positive signal for buyers. As long as the price remains above 1,552.50 USD, a purchase could be considered. The first bullish objective is located at 1,579.77 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,586.02 USD as an objective. Crossing it would then enable buyers to target 1,595.11 USD. In the event of a return below 1,552.50 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5
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Additional analysis
Quotes
The GOLD - USD price is 1,565.98 USD. The price registered a decrease of +0.01% on the session and was traded between 1,564.85 USD and 1,569.21 USD over the period. The price is currently at +0.07% from its lowest and -0.21% from its highest.1,564.85
1,569.21
1,565.98
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 an overall bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1,546.29 | 1,552.50 | 1,563.37 | 1,565.98 | 1,568.38 | 1,579.77 | 1,586.02 |
| Change (%) | -1.26% | -0.86% | -0.17% | - | +0.15% | +0.88% | +1.28% |
| Change | -19.69 | -13.48 | -2.61 | - | +2.40 | +13.79 | +20.04 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | 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 | 1,540.28 | 1,546.39 | 1,556.10 | 1,562.21 | 1,571.92 | 1,578.03 | 1,587.74 |
| Camarilla | 1,561.46 | 1,562.91 | 1,564.36 | 1,565.81 | 1,567.26 | 1,568.71 | 1,570.16 |
| Woodie | 1,542.08 | 1,547.29 | 1,557.90 | 1,563.11 | 1,573.72 | 1,578.93 | 1,589.54 |
| Fibonacci | 1,546.39 | 1,552.43 | 1,556.17 | 1,562.21 | 1,568.25 | 1,571.99 | 1,578.03 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.74 | |
| MACD (12,26,9): | 1.9400 | |
| Directional Movement: | 5.93 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 1,567.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,568.95 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 1,559.55 | |
| Zig ZAG (10): | 1,566.50 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 62.03 | |
| TEMA (21): | 1,568.44 | |
| Williams %R (14): | -37.53 | |
| Chande Momentum Oscillator (20): | 0.87 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1,569.42 | |
| MA20: | 1,564.28 | |
| MA50: | 1,526.71 | |
| MA100: | 1,506.46 | |
| MAexp7: | 1,566.56 | |
| MAexp20: | 1,564.98 | |
| MAexp50: | 1,563.07 | |
| MAexp100: | 1,564.83 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | +2.57% | |
| Price / MA100: | +3.95% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.08% |
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
-
Gold Forecast February 7, 2020
-
Gold Technical Analysis for February 07, 2020 by FXEmpire
-
Gold Forecast February 6, 2020
-
Gold Technical Analysis for February 06, 2020 by FXEmpire
-
Direxion Daily Gold Miners Index Bear 3X Shares - DUST Stock Chart Technical Analysis for 02-04-2020
This member declared not having a position on this financial instrument or a related financial instrument.
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