GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 03/19/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

78%

17%

My opinion

Bearish under 1,513.35 USD

My targets

1,454.01 USD (-2.22%)

1,412.81 USD (-4.99%)

My analysis

In the short term, we can see an acceleration in the bearish trend on GOLD - USD, which is a positive signal for sellers. As long as the price remains above 1,513.35 USD, a sale could be considered. The first bearish objective is located at 1,454.01 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,412.81 USD as an objective. Crossing it would then enable sellers to target 1,385.54 USD. If the price were to return above 1,513.35 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

FORCE

6.3

Comment on the analysis

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 emerick. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 1,487.03 USD. The price is lower by -0.73% since the last closing and was traded between 1,464.32 USD and 1,498.82 USD over the period. The price is currently at +1.55% from its lowest and -0.79% from its highest.

1,464.32

1,498.82

1,487.03

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

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, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this GOLD - USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,385.54	1,412.81	1,454.01	1,487.03	1,513.35	1,546.29	1,595.11
Change (%)	-6.83%	-4.99%	-2.22%	-	+1.77%	+3.99%	+7.27%
Change	-101.49	-74.22	-33.02	-	+26.32	+59.26	+108.08
Level	Minor	Minor	Major	-	Major	Major	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
Standard	1,400.56	1,436.77	1,467.40	1,503.61	1,534.24	1,570.45	1,601.08
Camarilla	1,479.65	1,485.78	1,491.90	1,498.03	1,504.16	1,510.28	1,516.41
Woodie	1,397.77	1,435.38	1,464.61	1,502.22	1,531.45	1,569.06	1,598.29
Fibonacci	1,436.77	1,462.30	1,478.08	1,503.61	1,529.14	1,544.92	1,570.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,256.29	1,380.55	1,454.77	1,579.03	1,653.25	1,777.51	1,851.73
Camarilla	1,474.41	1,492.60	1,510.80	1,528.99	1,547.18	1,565.38	1,583.57
Woodie	1,231.27	1,368.04	1,429.75	1,566.52	1,628.23	1,765.00	1,826.71
Fibonacci	1,380.55	1,456.37	1,503.21	1,579.03	1,654.85	1,701.69	1,777.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,384.41	1,465.97	1,526.28	1,607.84	1,668.15	1,749.71	1,810.02
Camarilla	1,547.59	1,560.59	1,573.60	1,586.60	1,599.61	1,612.61	1,625.61
Woodie	1,373.80	1,460.66	1,515.67	1,602.53	1,657.54	1,744.40	1,799.41
Fibonacci	1,465.97	1,520.16	1,553.64	1,607.84	1,662.03	1,695.51	1,749.71

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):	32.50
MACD (12,26,9):	-21.2500
Directional Movement:	-16.43
AROON (14):	-35.71
DEMA (21):	1,561.86
Parabolic SAR (0,02-0,02-0,2):	1,651.73
Elder Ray (13):	-83.89
Super Trend (3,10):	1,648.27
Zig ZAG (10):	1,484.94
VORTEX (21):	0.8800
Stochastique (14,3,5):	22.09
TEMA (21):	1,528.99
Williams %R (14):	-86.64
Chande Momentum Oscillator (20):	-161.77
Repulse (5,40,3):	-2.9200
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	10.63

MA7:	1,539.54
MA20:	1,606.75
MA50:	1,585.50
MA100:	1,536.40
MAexp7:	1,535.35
MAexp20:	1,579.34
MAexp50:	1,576.92
MAexp100:	1,549.16
Price / MA7:	-3.41%
Price / MA20:	-7.45%
Price / MA50:	-6.21%
Price / MA100:	-3.21%
Price / MAexp7:	-3.15%
Price / MAexp20:	-5.84%
Price / MAexp50:	-5.70%
Price / MAexp100:	-4.01%

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:

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

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