GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - Weekly - Technical analysis published on 12/24/2020 (GMT)

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  • Timeframe : Weekly
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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:
15 min. 1H Daily

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.

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 for higher/lower results shows an item:

Central Records

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:

Central Indicators

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:

Central Indicators

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


S3S2S1PriceR1R2
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
Standard1,838.781,847.941,860.301,869.461,881.821,890.981,903.34
Camarilla1,866.731,868.711,870.681,872.651,874.621,876.601,878.57
Woodie1,840.371,848.741,861.891,870.261,883.411,891.781,904.93
Fibonacci1,847.941,856.161,861.241,869.461,877.681,882.761,890.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,757.671,788.401,834.861,865.591,912.051,942.781,989.24
Camarilla1,860.101,867.181,874.251,881.331,888.411,895.481,902.56
Woodie1,765.551,792.331,842.741,869.521,919.931,946.711,997.12
Fibonacci1,788.401,817.881,836.101,865.591,895.071,913.291,942.78


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,506.141,635.361,707.111,836.331,908.082,037.302,109.05
Camarilla1,723.581,742.011,760.431,778.851,797.271,815.701,834.12
Woodie1,477.401,620.991,678.371,821.961,879.342,022.932,080.31
Fibonacci1,635.361,712.131,759.561,836.331,913.101,960.532,037.30

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 - 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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