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 08/10/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 1,971.98 USD

My targets

2,053.93 USD (+1.09%)

2,132.29 USD (+4.94%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1,971.98 USD, you could try to benefit from the boom. The first bullish objective is located at 2,053.93 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,132.29 USD as an objective. Crossing it would then enable buyers to target 2,280.46 USD. 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

8.4

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

GOLD - USD rating 2,031.88 USD. The price registered a decrease of -0.15% on the session and was between 2,019.24 USD and 2,036.46 USD. This implies that the price is at +0.63% from its lowest and at -0.22% from its highest.

2,019.24

2,036.46

2,031.88

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GOLD - USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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	2,031.88
Change (%)	-17.12%	-10.96%	-6.02%	-
Change	-347.95	-222.61	-122.28	-
Level	Major	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	1,951.96	1,983.74	2,009.32	2,041.10	2,066.68	2,098.46	2,124.04
Camarilla	2,019.13	2,024.38	2,029.64	2,034.90	2,040.16	2,045.42	2,050.67
Woodie	1,948.86	1,982.19	2,006.22	2,039.55	2,063.58	2,096.91	2,120.94
Fibonacci	1,983.74	2,005.65	2,019.19	2,041.10	2,063.01	2,076.55	2,098.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,857.50	1,909.07	1,971.98	2,023.55	2,086.46	2,138.03	2,200.94
Camarilla	2,003.42	2,013.91	2,024.41	2,034.90	2,045.39	2,055.89	2,066.38
Woodie	1,863.18	1,911.91	1,977.66	2,026.39	2,092.14	2,140.87	2,206.62
Fibonacci	1,909.07	1,952.80	1,979.82	2,023.55	2,067.28	2,094.30	2,138.03

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	75.26
MACD (12,26,9):	66.8200
Directional Movement:	29.22
AROON (14):	85.71
DEMA (21):	2,030.42
Parabolic SAR (0,02-0,02-0,2):	2,004.16
Elder Ray (13):	45.44
Super Trend (3,10):	1,945.08
Zig ZAG (10):	2,031.49
VORTEX (21):	1.3100
Stochastique (14,3,5):	87.79
TEMA (21):	2,060.38
Williams %R (14):	-18.86
Chande Momentum Oscillator (20):	146.07
Repulse (5,40,3):	1.0700
ROCnROLL:	1
TRIX (15,9):	0.4600
Courbe Coppock:	20.55

MA7:	2,022.27
MA20:	1,927.34
MA50:	1,822.31
MA100:	1,756.12
MAexp7:	2,018.61
MAexp20:	1,946.26
MAexp50:	1,854.52
MAexp100:	1,775.88
Price / MA7:	+0.48%
Price / MA20:	+5.42%
Price / MA50:	+11.50%
Price / MA100:	+15.70%
Price / MAexp7:	+0.66%
Price / MAexp20:	+4.40%
Price / MAexp50:	+9.56%
Price / MAexp100:	+14.42%

Quotes : 2020-08-10 07:25:58 - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

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