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 06/23/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 1,735.56 USD

My targets

1,792.46 USD (+2.10%)

1,909.60 USD (+8.77%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1,735.56 USD, you could try to benefit from the boom. The first bullish objective is located at 1,792.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,909.60 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.2

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

Additional analysis

Quotes

The GOLD - USD price is 1,755.56 USD. The price has increased by +0.01% since the last closing and was between 1,747.55 USD and 1,760.62 USD. This implies that the price is at +0.46% from its lowest and at -0.29% from its highest.

1,747.55

1,760.62

1,755.56

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1,595.11	1,685.54	1,735.56	1,755.56	1,792.46	1,909.60
Change (%)	-9.14%	-3.99%	-1.14%	-	+2.10%	+8.77%
Change	-160.45	-70.02	-20.00	-	+36.90	+154.04
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,724.23	1,733.57	1,744.49	1,753.83	1,764.75	1,774.09	1,785.01
Camarilla	1,749.83	1,751.69	1,753.54	1,755.40	1,757.26	1,759.11	1,760.97
Woodie	1,725.01	1,733.97	1,745.27	1,754.23	1,765.53	1,774.49	1,785.79
Fibonacci	1,733.57	1,741.31	1,746.09	1,753.83	1,761.57	1,766.35	1,774.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,676.03	1,690.16	1,717.09	1,731.22	1,758.15	1,772.28	1,799.21
Camarilla	1,732.73	1,736.49	1,740.26	1,744.02	1,747.78	1,751.55	1,755.31
Woodie	1,682.43	1,693.36	1,723.49	1,734.42	1,764.55	1,775.48	1,805.61
Fibonacci	1,690.16	1,705.85	1,715.54	1,731.22	1,746.91	1,756.60	1,772.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,583.96	1,627.26	1,678.79	1,722.09	1,773.62	1,816.92	1,868.45
Camarilla	1,704.25	1,712.95	1,721.64	1,730.33	1,739.02	1,747.72	1,756.41
Woodie	1,588.09	1,629.32	1,682.92	1,724.15	1,777.75	1,818.98	1,872.58
Fibonacci	1,627.26	1,663.48	1,685.86	1,722.09	1,758.31	1,780.69	1,816.92

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):	61.17
MACD (12,26,9):	9.1000
Directional Movement:	5.29
AROON (14):	78.57
DEMA (21):	1,739.85
Parabolic SAR (0,02-0,02-0,2):	1,697.06
Elder Ray (13):	20.79
Super Trend (3,10):	1,685.66
Zig ZAG (10):	1,754.55
VORTEX (21):	1.0500
Stochastique (14,3,5):	93.65
TEMA (21):	1,739.84
Williams %R (14):	-9.02
Chande Momentum Oscillator (20):	69.50
Repulse (5,40,3):	0.9700
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	2.72

MA7:	1,736.60
MA20:	1,724.53
MA50:	1,718.24
MA100:	1,662.35
MAexp7:	1,740.30
MAexp20:	1,728.77
MAexp50:	1,707.48
MAexp100:	1,667.12
Price / MA7:	+1.09%
Price / MA20:	+1.80%
Price / MA50:	+2.17%
Price / MA100:	+5.61%
Price / MAexp7:	+0.88%
Price / MAexp20:	+1.55%
Price / MAexp50:	+2.82%
Price / MAexp100:	+5.30%

Quotes : 2020-06-23 08:39:51 - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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