GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
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Type: Commodities
Ticker: XAUUSD
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GOLD - USD - 15 min. - Technical analysis published on 08/13/2020 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,911.44 USD
My targets
1,997.89 USD (+1.87%)
2,046.31 USD (+4.34%)
My analysis
GOLD - USD 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 1,911.44 USD. The next resistance located at 1,997.89 USD 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 2,046.31 USD. After this resistance, buyers could then target 2,049.79 USD. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9

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 selfmade. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - USD price is 1,961.28 USD. The price has increased by +2.05% since the last closing with the lowest point at 1,920.01 USD and the highest point at 1,966.36 USD. The deviation from the price is +2.15% for the low point and -0.26% for the high point.

1,920.01
1,966.36
1,961.28

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.

Central Gaps

Bullish opening

Type : Bullish

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 an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GOLD - USD indicates that the overall trend is strongly bullish. 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.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,863.03 1,909.60 1,949.39 1,961.28 2,015.43 2,049.79 2,075.11
Change (%) -5.01% -2.64% -0.61% - +2.76% +4.51% +5.80%
Change -98.25 -51.68 -11.89 - +54.15 +88.51 +113.83
Level Major Major Intermediate - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,786.961,824.991,873.411,911.441,959.861,997.892,046.31
Camarilla1,898.051,905.971,913.901,921.821,929.751,937.671,945.59
Woodie1,792.151,827.591,878.601,914.041,965.052,000.492,051.50
Fibonacci1,824.991,858.021,878.421,911.441,944.471,964.871,997.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,857.501,909.071,971.982,023.552,086.462,138.032,200.94
Camarilla2,003.422,013.912,024.412,034.902,045.392,055.892,066.38
Woodie1,863.181,911.911,977.662,026.392,092.142,140.872,206.62
Fibonacci1,909.071,952.801,979.822,023.552,067.282,094.302,138.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,600.871,679.231,827.401,905.762,053.932,132.292,280.46
Camarilla1,913.271,934.041,954.811,975.571,996.342,017.102,037.87
Woodie1,635.781,696.681,862.311,923.212,088.842,149.742,315.37
Fibonacci1,679.231,765.761,819.231,905.761,992.292,045.762,132.29

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): 81.14
MACD (12,26,9): 6.7700
Directional Movement: 26.90
AROON (14): 100.00
DEMA (21): 1,955.97
Parabolic SAR (0,02-0,02-0,2): 1,949.98
Elder Ray (13): 11.37
Super Trend (3,10): 1,946.01
Zig ZAG (10): 1,963.45
VORTEX (21): 1.3100
Stochastique (14,3,5): 96.10
TEMA (21): 1,956.68
Williams %R (14): -3.35
Chande Momentum Oscillator (20): 16.09
Repulse (5,40,3): 0.7200
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 1.69
MA7: 1,994.67
MA20: 1,946.07
MA50: 1,835.41
MA100: 1,765.94
MAexp7: 1,953.84
MAexp20: 1,948.09
MAexp50: 1,940.39
MAexp100: 1,936.67
Price / MA7: -1.67%
Price / MA20: +0.78%
Price / MA50: +6.86%
Price / MA100: +11.06%
Price / MAexp7: +0.38%
Price / MAexp20: +0.68%
Price / MAexp50: +1.08%
Price / MAexp100: +1.27%

Quotes : 2020-08-13 17:44:55 - Real time data - Gold & Silver Spot

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

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