GOLD - USD - 1H - Technical analysis published on 02/11/2020 (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:
Neutral
Technical indicators
22%
39%
39%
My opinion
Bearish under 1,576.96 USD
My targets
1,560.48 USD (-0.50%)
1,552.50 USD (-1.00%)
My analysis
The strong short-term decrease of GOLD - USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1,576.96 USD, a sale could be considered. The first bearish objective is located at 1,560.48 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1,552.50 USD. If there is any crossing, the next objective would be support 1,546.29 USD. Caution, if there is a return to above 1,576.96 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
2.3
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Additional analysis
Quotes
The GOLD - USD rating is 1,568.26 USD. The price registered an increase of -0.24% on the session and was between 1,567.85 USD and 1,572.37 USD. This implies that the price is at +0.03% from its lowest and at -0.26% from its highest.1,567.85
1,572.37
1,568.26
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this GOLD - USD chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,546.29 | 1,552.50 | 1,560.48 | 1,568.26 | 1,569.42 | 1,576.96 | 1,586.02 |
| Change (%) | -1.40% | -1.00% | -0.50% | - | +0.07% | +0.55% | +1.13% |
| Change | -21.97 | -15.76 | -7.78 | - | +1.16 | +8.70 | +17.76 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 1,558.61 | 1,563.32 | 1,567.67 | 1,572.38 | 1,576.73 | 1,581.44 | 1,585.79 |
| Camarilla | 1,569.54 | 1,570.37 | 1,571.20 | 1,572.03 | 1,572.86 | 1,573.69 | 1,574.52 |
| Woodie | 1,558.44 | 1,563.23 | 1,567.50 | 1,572.29 | 1,576.56 | 1,581.35 | 1,585.62 |
| Fibonacci | 1,563.32 | 1,566.78 | 1,568.92 | 1,572.38 | 1,575.84 | 1,577.98 | 1,581.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,501.33 | 1,524.43 | 1,547.42 | 1,570.52 | 1,593.51 | 1,616.61 | 1,639.60 |
| Camarilla | 1,557.75 | 1,561.97 | 1,566.20 | 1,570.42 | 1,574.65 | 1,578.87 | 1,583.10 |
| Woodie | 1,501.29 | 1,524.40 | 1,547.38 | 1,570.49 | 1,593.47 | 1,616.58 | 1,639.56 |
| Fibonacci | 1,524.43 | 1,542.03 | 1,552.91 | 1,570.52 | 1,588.12 | 1,599.00 | 1,616.61 |
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): | 41.61 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | -4.75 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1,572.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,567.57 | |
| Elder Ray (13): | -2.61 | |
| Super Trend (3,10): | 1,567.38 | |
| Zig ZAG (10): | 1,568.28 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 6.55 | |
| TEMA (21): | 1,571.56 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -4.52 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1,566.64 | |
| MA20: | 1,566.79 | |
| MA50: | 1,530.81 | |
| MA100: | 1,507.38 | |
| MAexp7: | 1,571.51 | |
| MAexp20: | 1,572.14 | |
| MAexp50: | 1,570.32 | |
| MAexp100: | 1,568.85 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +4.04% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.04% |
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 11, 2020
-
Gold Technical Analysis for February 11, 2020 by FXEmpire
-
Technical Trade Levels: US Dollar, EUR/USD, USD/CAD, Gold and Oil
-
Direxion Daily Gold Miners Index Bear 3X Shares - DUST Stock Chart Technical Analysis for 02-07-2020
-
Gold Forecast February 10, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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