GOLD - USD - Weekly - Technical analysis published on 12/24/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 1,792.46 USD
My targets
2,037.30 USD (+8.59%)
My analysis
The basic bullish trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1,792.46 USD. Crossing the first resistance at 2,037.30 USD would be a sign of a potential new surge in the price. Caution, a return to below 1,792.46 USD would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD price is 1,876.22 USD. The price registered a decrease of -0.40% over 5 days and has been traded over the last 5 days between 1,855.29 USD and 1,906.85 USD. This implies that the 5 day price is +1.13% from its lowest point and -1.61% from its highest point.1,855.29
1,906.85
1,876.22
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this GOLD - USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 1,546.29 | 1,682.00 | 1,792.46 | 1,876.22 | 1,909.60 | 2,069.41 |
Change (%) | -17.58% | -10.35% | -4.46% | - | +1.78% | +10.30% |
Change | -329.93 | -194.22 | -83.76 | - | +33.38 | +193.19 |
Level | Minor | Intermediate | Major | - | Major | 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 | 1,838.78 | 1,847.94 | 1,860.30 | 1,869.46 | 1,881.82 | 1,890.98 | 1,903.34 |
Camarilla | 1,866.73 | 1,868.71 | 1,870.68 | 1,872.65 | 1,874.62 | 1,876.60 | 1,878.57 |
Woodie | 1,840.37 | 1,848.74 | 1,861.89 | 1,870.26 | 1,883.41 | 1,891.78 | 1,904.93 |
Fibonacci | 1,847.94 | 1,856.16 | 1,861.24 | 1,869.46 | 1,877.68 | 1,882.76 | 1,890.98 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,757.67 | 1,788.40 | 1,834.86 | 1,865.59 | 1,912.05 | 1,942.78 | 1,989.24 |
Camarilla | 1,860.10 | 1,867.18 | 1,874.25 | 1,881.33 | 1,888.41 | 1,895.48 | 1,902.56 |
Woodie | 1,765.55 | 1,792.33 | 1,842.74 | 1,869.52 | 1,919.93 | 1,946.71 | 1,997.12 |
Fibonacci | 1,788.40 | 1,817.88 | 1,836.10 | 1,865.59 | 1,895.07 | 1,913.29 | 1,942.78 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,506.14 | 1,635.36 | 1,707.11 | 1,836.33 | 1,908.08 | 2,037.30 | 2,109.05 |
Camarilla | 1,723.58 | 1,742.01 | 1,760.43 | 1,778.85 | 1,797.27 | 1,815.70 | 1,834.12 |
Woodie | 1,477.40 | 1,620.99 | 1,678.37 | 1,821.96 | 1,879.34 | 2,022.93 | 2,080.31 |
Fibonacci | 1,635.36 | 1,712.13 | 1,759.56 | 1,836.33 | 1,913.10 | 1,960.53 | 2,037.30 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 52.60 | |
MACD (12,26,9): | 17.6900 | |
Directional Movement: | 1.30 | |
AROON (14): | -78.57 | |
DEMA (21): | 1,902.62 | |
Parabolic SAR (0,02-0,02-0,2): | 1,943.79 | |
Elder Ray (13): | 8.31 | |
Super Trend (3,10): | 2,031.85 | |
Zig ZAG (10): | 1,875.79 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 49.03 | |
TEMA (21): | 1,865.06 | |
Williams %R (14): | -44.52 | |
Chande Momentum Oscillator (20): | -23.24 | |
Repulse (5,40,3): | 1.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2700 | |
Courbe Coppock: | 7.67 |
MA7: | 1,874.60 | |
MA20: | 1,846.66 | |
MA50: | 1,868.82 | |
MA100: | 1,899.67 | |
MAexp7: | 1,866.49 | |
MAexp20: | 1,867.56 | |
MAexp50: | 1,780.15 | |
MAexp100: | 1,648.07 | |
Price / MA7: | +0.09% | |
Price / MA20: | +1.60% | |
Price / MA50: | +0.40% | |
Price / MA100: | -1.23% | |
Price / MAexp7: | +0.52% | |
Price / MAexp20: | +0.46% | |
Price / MAexp50: | +5.40% | |
Price / MAexp100: | +13.84% |
Quotes :
2020-12-24 12:00:51
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Real time data
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Gold & Silver Spot
News
Don"t forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
- Gold and AUD/USD Forecast December 24, 2020
- Gold Technical Analysis for December 24, 2020 by FXEmpire
- Gold and AUD/USD Forecast December 23, 2020
- Gold Technical Analysis for December 23, 2020 by FXEmpire
- Gold and USD/ZAR Forecast December 22, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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