GOLD - GBP - 1H - Technical analysis published on 01/03/2020 (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:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1,163.35 GBP
My targets
1,198.94 GBP (+1.27%)
1,238.04 GBP (+4.58%)
My analysis
GOLD - GBP 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 1,163.35 GBP. The next resistance located at 1,198.94 GBP 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 1,238.04 GBP. After this resistance, buyers could then target 1,281.36 GBP. 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, 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
8.2
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 Frederico Pereira.
Additional analysis
Quotes
The GOLD - GBP rating is 1,183.85 GBP. The price registered an increase of +1.81% on the session with the lowest point at 1,162.74 GBP and the highest point at 1,188.19 GBP. The deviation from the price is +1.82% for the low point and -0.37% for the high point.1,162.74
1,188.19
1,183.85
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
Here is a more detailed summary of the historical variations registered by GOLD - GBP:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on GOLD - GBP were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of GOLD - GBP indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,150.73 | 1,163.35 | 1,181.22 | 1,183.85 | 1,238.04 | 1,281.36 |
| Change (%) | -2.80% | -1.73% | -0.22% | - | +4.58% | +8.24% |
| Change | -33.12 | -20.50 | -2.63 | - | +54.19 | +97.51 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,130.65 | 1,137.59 | 1,150.21 | 1,157.15 | 1,169.77 | 1,176.71 | 1,189.33 |
| Camarilla | 1,157.46 | 1,159.25 | 1,161.05 | 1,162.84 | 1,164.63 | 1,166.43 | 1,168.22 |
| Woodie | 1,133.50 | 1,139.01 | 1,153.06 | 1,158.57 | 1,172.62 | 1,178.13 | 1,192.18 |
| Fibonacci | 1,137.59 | 1,145.06 | 1,149.68 | 1,157.15 | 1,164.62 | 1,169.24 | 1,176.71 |
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): | 75.64 | |
| MACD (12,26,9): | 6.7600 | |
| Directional Movement: | 20.49 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,184.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,187.70 | |
| Elder Ray (13): | 5.08 | |
| Super Trend (3,10): | 1,175.11 | |
| Zig ZAG (10): | 1,183.52 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 79.78 | |
| TEMA (21): | 1,187.54 | |
| Williams %R (14): | -13.42 | |
| Chande Momentum Oscillator (20): | 14.15 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.96 |
| MA7: | 1,158.87 | |
| MA20: | 1,137.46 | |
| MA50: | 1,139.66 | |
| MA100: | 1,176.05 | |
| MAexp7: | 1,182.51 | |
| MAexp20: | 1,175.61 | |
| MAexp50: | 1,166.29 | |
| MAexp100: | 1,160.51 | |
| Price / MA7: | +2.16% | |
| Price / MA20: | +4.08% | |
| Price / MA50: | +3.88% | |
| Price / MA100: | +0.66% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +2.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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