GOLD - USD - 15 min. - Technical analysis published on 04/01/2020 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 1,589.15 USD
My targets
1,609.23 USD (+0.93%)
1,639.50 USD (+2.83%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 1,589.15 USD. The buyers” bullish objective is set at 1,609.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,639.50 USD. If there is any crossing, the next objective would be the resistance located at 1,659.58 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
4.8
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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 price is 1,594.42 USD. The price is lower by +0.98% since the last closing with the lowest point at 1,576.61 USD and the highest point at 1,600.75 USD. The deviation from the price is +1.13% for the low point and -0.40% for the high point.1,576.61
1,600.75
1,594.42
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
A technical analysis in 15 min. of this GOLD - USD chart shows a bullish trend. 67.86% 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.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1,479.44 | 1,516.07 | 1,546.29 | 1,594.42 | 1,595.11 | 1,613.48 | 1,638.95 |
| Change (%) | -7.21% | -4.91% | -3.02% | - | +0.04% | +1.20% | +2.79% |
| Change | -114.98 | -78.35 | -48.13 | - | +0.69 | +19.06 | +44.53 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 1,508.53 | 1,538.80 | 1,558.88 | 1,589.15 | 1,609.23 | 1,639.50 | 1,659.58 |
| Camarilla | 1,565.11 | 1,569.73 | 1,574.35 | 1,578.96 | 1,583.58 | 1,588.19 | 1,592.81 |
| Woodie | 1,503.44 | 1,536.25 | 1,553.79 | 1,586.60 | 1,604.14 | 1,636.95 | 1,654.49 |
| Fibonacci | 1,538.80 | 1,558.03 | 1,569.92 | 1,589.15 | 1,608.38 | 1,620.27 | 1,639.50 |
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 | 1,200.40 | 1,325.85 | 1,452.40 | 1,577.85 | 1,704.40 | 1,829.85 | 1,956.40 |
| Camarilla | 1,509.66 | 1,532.76 | 1,555.86 | 1,578.96 | 1,602.06 | 1,625.16 | 1,648.26 |
| Woodie | 1,200.96 | 1,326.13 | 1,452.96 | 1,578.13 | 1,704.96 | 1,830.13 | 1,956.96 |
| Fibonacci | 1,325.85 | 1,422.11 | 1,481.58 | 1,577.85 | 1,674.11 | 1,733.58 | 1,829.85 |
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): | 59.35 | |
| MACD (12,26,9): | 2.4600 | |
| Directional Movement: | 6.52 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1,595.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,599.94 | |
| Elder Ray (13): | 1.11 | |
| Super Trend (3,10): | 1,586.66 | |
| Zig ZAG (10): | 1,595.10 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 59.99 | |
| TEMA (21): | 1,597.11 | |
| Williams %R (14): | -34.68 | |
| Chande Momentum Oscillator (20): | 1.92 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.80 |
| MA7: | 1,612.58 | |
| MA20: | 1,589.30 | |
| MA50: | 1,592.23 | |
| MA100: | 1,546.78 | |
| MAexp7: | 1,594.57 | |
| MAexp20: | 1,592.53 | |
| MAexp50: | 1,590.29 | |
| MAexp100: | 1,593.83 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | +3.08% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.26% | |
| 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:
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This member declared not having a position on this financial instrument or a related financial instrument.
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