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 08/07/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2,053.93 USD

My targets

2,132.29 USD (+3.15%)

2,280.46 USD (+10.31%)

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 2,053.93 USD. The buyers” bullish objective is set at 2,132.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,280.46 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,067.26 USD. The price registered a decrease of -0.10% on the session and was between 2,062.67 USD and 2,072.88 USD. This implies that the price is at +0.22% from its lowest and at -0.27% from its highest.

2,062.67

2,072.88

2,067.26

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:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

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 has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

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
ProTrendLines	1,683.93	1,809.27	1,909.60	2,067.26
Change (%)	-18.54%	-12.48%	-7.63%	-
Change	-383.33	-257.99	-157.66	-
Level	Major	Intermediate	Intermediate	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,003.93	2,019.30	2,044.36	2,059.73	2,084.79	2,100.16	2,125.22
Camarilla	2,058.29	2,062.00	2,065.70	2,069.41	2,073.12	2,076.82	2,080.53
Woodie	2,008.77	2,021.72	2,049.20	2,062.15	2,089.63	2,102.58	2,130.06
Fibonacci	2,019.30	2,034.75	2,044.29	2,059.73	2,075.18	2,084.72	2,100.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,074.54	1,088.56	1,113.80	1,127.82	1,153.06	1,167.08	1,192.32
Camarilla	1,128.25	1,131.85	1,135.45	1,139.05	1,142.65	1,146.25	1,149.85
Woodie	1,080.16	1,091.37	1,119.42	1,130.63	1,158.68	1,169.89	1,197.94
Fibonacci	1,088.56	1,103.55	1,112.82	1,127.82	1,142.81	1,152.08	1,167.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,600.87	1,679.23	1,827.40	1,905.76	2,053.93	2,132.29	2,280.46
Camarilla	1,913.27	1,934.04	1,954.81	1,975.57	1,996.34	2,017.10	2,037.87
Woodie	1,635.78	1,696.68	1,862.31	1,923.21	2,088.84	2,149.74	2,315.37
Fibonacci	1,679.23	1,765.76	1,819.23	1,905.76	1,992.29	2,045.76	2,132.29

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.78
MACD (12,26,9):	52.1100
Directional Movement:	16.83
AROON (14):	14.29
DEMA (21):	1,978.49
Parabolic SAR (0,02-0,02-0,2):	1,511.06
Elder Ray (13):	126.89
Super Trend (3,10):	1,733.79
Zig ZAG (10):	2,065.27
VORTEX (21):	1.0800
Stochastique (14,3,5):	98.01
TEMA (21):	1,999.19
Williams %R (14):	-1.44
Chande Momentum Oscillator (20):	181.11
Repulse (5,40,3):	2.6500
ROCnROLL:	1
TRIX (15,9):	0.3500
Courbe Coppock:	13.98

MA7:	1,952.42
MA20:	1,903.00
MA50:	1,812.56
MA100:	1,751.25
MAexp7:	1,973.68
MAexp20:	1,913.00
MAexp50:	1,837.76
MAexp100:	1,766.83
Price / MA7:	+5.88%
Price / MA20:	+8.63%
Price / MA50:	+14.05%
Price / MA100:	+18.04%
Price / MAexp7:	+4.74%
Price / MAexp20:	+8.06%
Price / MAexp50:	+12.49%
Price / MAexp100:	+17.00%

Quotes : 2020-08-07 02:57:46 - 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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