GOLD - GBP - 1H - Technical analysis published on 01/02/2020 (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 bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1,156.45 GBP
My targets
1,181.22 GBP (+1.55%)
1,238.04 GBP (+6.43%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GOLD - GBP. This is a positive signal for buyers. As long as the price remains above 1,156.45 GBP, a purchase could be considered. The first bullish objective is located at 1,181.22 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,238.04 GBP as an objective. Crossing it would then enable buyers to target 1,281.36 GBP. In the event of a return below 1,156.45 GBP, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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This analysis was given by Frederico Pereira.
Additional analysis
Quotes
The GOLD - GBP price is 1,163.21 GBP. The price registered an increase of +1.51% on the session and was between 1,144.52 GBP and 1,163.30 GBP. This implies that the price is at +1.63% from its lowest and at -0.01% from its highest.1,144.52
1,163.30
1,163.21
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this GOLD - GBP chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,150.73 | 1,156.45 | 1,160.88 | 1,163.21 | 1,165.71 | 1,181.22 | 1,238.04 |
| Change (%) | -1.07% | -0.58% | -0.20% | - | +0.21% | +1.55% | +6.43% |
| Change | -12.48 | -6.76 | -2.33 | - | +2.50 | +18.01 | +74.83 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Intermediate |
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 | 1,143.25 | 1,144.50 | 1,145.22 | 1,146.47 | 1,147.19 | 1,148.44 | 1,149.16 |
| Camarilla | 1,145.39 | 1,145.57 | 1,145.75 | 1,145.93 | 1,146.11 | 1,146.29 | 1,146.47 |
| Woodie | 1,142.98 | 1,144.37 | 1,144.95 | 1,146.34 | 1,146.92 | 1,148.31 | 1,148.89 |
| Fibonacci | 1,144.50 | 1,145.26 | 1,145.72 | 1,146.47 | 1,147.23 | 1,147.69 | 1,148.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,108.19 | 1,121.82 | 1,138.44 | 1,152.07 | 1,168.69 | 1,182.32 | 1,198.94 |
| Camarilla | 1,146.73 | 1,149.50 | 1,152.28 | 1,155.05 | 1,157.82 | 1,160.60 | 1,163.37 |
| Woodie | 1,109.68 | 1,122.57 | 1,139.93 | 1,152.82 | 1,170.18 | 1,183.07 | 1,200.43 |
| Fibonacci | 1,121.82 | 1,133.38 | 1,140.52 | 1,152.07 | 1,163.63 | 1,170.77 | 1,182.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,018.67 | 1,051.96 | 1,099.14 | 1,132.43 | 1,179.61 | 1,212.90 | 1,260.08 |
| Camarilla | 1,124.20 | 1,131.58 | 1,138.95 | 1,146.33 | 1,153.71 | 1,161.08 | 1,168.46 |
| Woodie | 1,025.63 | 1,055.43 | 1,106.10 | 1,135.90 | 1,186.57 | 1,216.37 | 1,267.04 |
| Fibonacci | 1,051.96 | 1,082.70 | 1,101.69 | 1,132.43 | 1,163.17 | 1,182.16 | 1,212.90 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 73.81 | |
| MACD (12,26,9): | 1.5900 | |
| Directional Movement: | 22.57 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1,153.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,149.16 | |
| Elder Ray (13): | 6.86 | |
| Super Trend (3,10): | 1,152.26 | |
| Zig ZAG (10): | 1,161.24 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 95.18 | |
| TEMA (21): | 1,156.04 | |
| Williams %R (14): | -0.18 | |
| Chande Momentum Oscillator (20): | 13.38 | |
| Repulse (5,40,3): | 0.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.45 |
| MA7: | 1,154.82 | |
| MA20: | 1,133.78 | |
| MA50: | 1,139.42 | |
| MA100: | 1,176.66 | |
| MAexp7: | 1,155.96 | |
| MAexp20: | 1,152.24 | |
| MAexp50: | 1,152.20 | |
| MAexp100: | 1,152.10 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +2.60% | |
| Price / MA50: | +2.09% | |
| Price / MA100: | -1.14% | |
| Price / MAexp7: | +0.63% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +0.96% |
This member declared not having a position on this financial instrument or a related financial instrument.
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