GOLD - USD - 1H - Technical analysis published on 03/31/2020 (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:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1,628.15 USD
My targets
1,595.11 USD (-0.98%)
1,546.29 USD (-4.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 1,628.15 USD. The sellers” bearish objective is set at 1,595.11 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,546.29 USD. In case of crossing, the next objective would be the support located at 1,516.07 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 1,610.84 USD. The price registered a decrease of -0.35% on the session with the lowest point at 1,604.65 USD and the highest point at 1,619.42 USD. The deviation from the price is +0.39% for the low point and -0.53% for the high point.1,604.65
1,619.42
1,610.84
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 GOLD - USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages 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
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,516.07 | 1,546.29 | 1,595.11 | 1,610.84 | 1,612.92 | 1,628.15 | 1,654.00 |
| Change (%) | -5.88% | -4.01% | -0.98% | - | +0.13% | +1.07% | +2.68% |
| Change | -94.77 | -64.55 | -15.73 | - | +2.08 | +17.31 | +43.16 |
| Level | Minor | Major | Minor | - | Major | 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 | 1,582.62 | 1,597.03 | 1,606.78 | 1,621.19 | 1,630.94 | 1,645.35 | 1,655.10 |
| Camarilla | 1,609.90 | 1,612.11 | 1,614.33 | 1,616.54 | 1,618.76 | 1,620.97 | 1,623.18 |
| Woodie | 1,580.30 | 1,595.87 | 1,604.46 | 1,620.03 | 1,628.62 | 1,644.19 | 1,652.78 |
| Fibonacci | 1,597.03 | 1,606.26 | 1,611.96 | 1,621.19 | 1,630.42 | 1,636.12 | 1,645.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,362.06 | 1,422.37 | 1,523.81 | 1,584.12 | 1,685.56 | 1,745.87 | 1,847.31 |
| Camarilla | 1,580.77 | 1,595.60 | 1,610.42 | 1,625.25 | 1,640.08 | 1,654.90 | 1,669.73 |
| Woodie | 1,382.63 | 1,432.65 | 1,544.38 | 1,594.40 | 1,706.13 | 1,756.15 | 1,867.88 |
| Fibonacci | 1,422.37 | 1,484.16 | 1,522.33 | 1,584.12 | 1,645.91 | 1,684.08 | 1,745.87 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.97 | |
| MACD (12,26,9): | -1.5800 | |
| Directional Movement: | -13.82 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1,614.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,627.91 | |
| Elder Ray (13): | -5.23 | |
| Super Trend (3,10): | 1,600.12 | |
| Zig ZAG (10): | 1,611.00 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 42.29 | |
| TEMA (21): | 1,613.90 | |
| Williams %R (14): | -69.95 | |
| Chande Momentum Oscillator (20): | -11.31 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.49 |
| MA7: | 1,612.95 | |
| MA20: | 1,592.90 | |
| MA50: | 1,592.16 | |
| MA100: | 1,545.78 | |
| MAexp7: | 1,614.08 | |
| MAexp20: | 1,616.59 | |
| MAexp50: | 1,617.65 | |
| MAexp100: | 1,609.31 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +1.17% | |
| Price / MA100: | +4.21% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | +0.10% |
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This member declared not having a position on this financial instrument or a related financial instrument.
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