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 09/18/2020 (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

61%

33%

My opinion

Bullish above 1,909.60 USD

My targets

1,972.66 USD (+1.04%)

2,069.41 USD (+6.00%)

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 1,909.60 USD. The buyers” bullish objective is set at 1,972.66 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,069.41 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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

Additional analysis

Quotes

GOLD - USD rating 1,952.34 USD. The price has increased by +0.26% since the last closing with the lowest point at 1,946.83 USD and the highest point at 1,955.65 USD. The deviation from the price is +0.28% for the low point and -0.17% for the high point.

1,946.83

1,955.65

1,952.34

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

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of GOLD - USD in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1,546.29	1,683.93	1,909.60	1,952.34	1,972.66	2,069.41
Change (%)	-20.80%	-13.75%	-2.19%	-	+1.04%	+6.00%
Change	-406.05	-268.41	-42.74	-	+20.32	+117.07
Level	Major	Major	Major	-	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,906.01	1,919.43	1,933.33	1,946.75	1,960.65	1,974.07	1,987.97
Camarilla	1,939.73	1,942.23	1,944.74	1,947.24	1,949.74	1,952.25	1,954.75
Woodie	1,906.26	1,919.55	1,933.58	1,946.87	1,960.90	1,974.19	1,988.22
Fibonacci	1,919.43	1,929.86	1,936.31	1,946.75	1,957.18	1,963.63	1,974.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	914.31	1,201.65	1,500.43	1,787.77	2,086.55	2,373.89	2,672.67
Camarilla	1,638.03	1,691.76	1,745.48	1,799.21	1,852.94	1,906.67	1,960.39
Woodie	920.03	1,204.51	1,506.15	1,790.63	2,092.27	2,376.75	2,678.39
Fibonacci	1,201.65	1,425.55	1,563.87	1,787.77	2,011.67	2,149.99	2,373.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,226.06	1,510.95	1,505.32	1,790.21	1,784.58	2,069.47	2,063.84
Camarilla	1,422.88	1,448.48	1,474.08	1,499.68	1,525.28	1,550.88	1,576.48
Woodie	1,080.79	1,438.32	1,360.05	1,717.58	1,639.31	1,996.84	1,918.57
Fibonacci	1,510.95	1,617.63	1,683.54	1,790.21	1,896.89	1,962.80	2,069.47

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):	52.45
MACD (12,26,9):	-2.6300
Directional Movement:	8.10
AROON (14):	7.15
DEMA (21):	1,911.10
Parabolic SAR (0,02-0,02-0,2):	1,534.49
Elder Ray (13):	37.12
Super Trend (3,10):	1,674.46
Zig ZAG (10):	1,951.27
VORTEX (21):	1.0100
Stochastique (14,3,5):	79.13
TEMA (21):	1,901.17
Williams %R (14):	-21.16
Chande Momentum Oscillator (20):	17.05
Repulse (5,40,3):	-1.3400
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	4.37

MA7:	1,867.05
MA20:	1,917.76
MA50:	1,929.86
MA100:	1,836.08
MAexp7:	1,922.25
MAexp20:	1,916.13
MAexp50:	1,901.88
MAexp100:	1,844.32
Price / MA7:	+4.57%
Price / MA20:	+1.80%
Price / MA50:	+1.16%
Price / MA100:	+6.33%
Price / MAexp7:	+1.57%
Price / MAexp20:	+1.89%
Price / MAexp50:	+2.65%
Price / MAexp100:	+5.86%

Quotes : 2020-09-18 02:57:53 - 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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