GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - 1H - Technical analysis published on 02/13/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 1,562.15 USD
My targets
1,589.14 USD (+1.01%)
1,595.11 USD (+1.39%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,562.15 USD. The next resistance located at 1,589.14 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,595.11 USD. After this resistance, buyers could then target 1,792.46 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
6.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by insight. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GOLD - USD rating is 1,573.28 USD. The price registered an increase of +0.22% on the session and was between 1,569.13 USD and 1,577.57 USD. This implies that the price is at +0.26% from its lowest and at -0.27% from its highest.

1,569.13
1,577.57
1,573.28

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

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. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

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


S3S2S1PriceR1R2R3
ProTrendLines 1,552.50 1,562.15 1,569.44 1,573.28 1,576.96 1,589.14 1,595.11
Change (%) -1.32% -0.71% -0.24% - +0.23% +1.01% +1.39%
Change -20.78 -11.13 -3.84 - +3.68 +15.86 +21.83
Level Minor Major Intermediate - Major Minor Major



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
Standard1,554.621,558.311,564.111,567.801,573.601,577.291,583.09
Camarilla1,567.301,568.171,569.041,569.911,570.781,571.651,572.52
Woodie1,555.681,558.841,565.171,568.331,574.661,577.821,584.15
Fibonacci1,558.311,561.941,564.181,567.801,571.431,573.671,577.29


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,501.331,524.431,547.421,570.521,593.511,616.611,639.60
Camarilla1,557.751,561.971,566.201,570.421,574.651,578.871,583.10
Woodie1,501.291,524.401,547.381,570.491,593.471,616.581,639.56
Fibonacci1,524.431,542.031,552.911,570.521,588.121,599.001,616.61


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,439.761,478.521,533.971,572.731,628.181,666.941,722.39
Camarilla1,563.501,572.141,580.771,589.411,598.051,606.681,615.32
Woodie1,448.101,482.691,542.311,576.901,636.521,671.111,730.73
Fibonacci1,478.521,514.511,536.751,572.731,608.721,630.961,666.94

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): 55.76
MACD (12,26,9): 1.6600
Directional Movement: 7.00
AROON (14): 78.57
DEMA (21): 1,574.17
Parabolic SAR (0,02-0,02-0,2): 1,577.36
Elder Ray (13): 0.02
Super Trend (3,10): 1,567.39
Zig ZAG (10): 1,572.81
VORTEX (21): 1.1600
Stochastique (14,3,5): 59.28
TEMA (21): 1,575.22
Williams %R (14): -56.16
Chande Momentum Oscillator (20): 3.08
Repulse (5,40,3): -0.1100
ROCnROLL: -1
TRIX (15,9): 0.0200
Courbe Coppock: 0.72
MA7: 1,567.73
MA20: 1,568.44
MA50: 1,534.61
MA100: 1,508.66
MAexp7: 1,573.60
MAexp20: 1,572.11
MAexp50: 1,570.23
MAexp100: 1,569.29
Price / MA7: +0.35%
Price / MA20: +0.31%
Price / MA50: +2.52%
Price / MA100: +4.28%
Price / MAexp7: -0.02%
Price / MAexp20: +0.07%
Price / MAexp50: +0.19%
Price / MAexp100: +0.25%

This member declared not having a position on this financial instrument or a related financial instrument.

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