GOLD - USD - Daily - Technical analysis published on 07/02/2019 (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
67%
6%
28%
My opinion
Bullish above 1,425.28 USD
My targets
1,544.30 USD (+8.25%)
1,909.60 USD (+33.86%)
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 1,425.28 USD. The buyers” bullish objective is set at 1,544.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,909.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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.
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Additional analysis
Quotes
The GOLD - USD rating is 1,426.58 USD. On the day, this instrument gained +2.96% and was between 1,383.92 USD and 1,436.31 USD. This implies that the price is at +3.08% from its lowest and at -0.68% from its highest.1,383.92
1,436.31
1,426.58
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
A study of price movements over other periods shows the following variations:
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,340.63 | 1,360.59 | 1,425.28 | 1,426.58 | 1,544.30 | 1,909.60 |
| Change (%) | -6.02% | -4.63% | -0.09% | - | +8.25% | +33.86% |
| Change | -85.95 | -65.99 | -1.30 | - | +117.72 | +483.02 |
| Level | Minor | Major | Major | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,361.75 | 1,371.79 | 1,378.66 | 1,388.70 | 1,395.57 | 1,405.61 | 1,412.48 |
| Camarilla | 1,380.89 | 1,382.44 | 1,383.99 | 1,385.54 | 1,387.09 | 1,388.64 | 1,390.19 |
| Woodie | 1,360.17 | 1,371.00 | 1,377.08 | 1,387.91 | 1,393.99 | 1,404.82 | 1,410.91 |
| Fibonacci | 1,371.79 | 1,378.25 | 1,382.24 | 1,388.70 | 1,395.16 | 1,399.15 | 1,405.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,351.75 | 1,375.21 | 1,392.40 | 1,415.86 | 1,433.05 | 1,456.51 | 1,473.70 |
| Camarilla | 1,398.42 | 1,402.15 | 1,405.87 | 1,409.60 | 1,413.33 | 1,417.05 | 1,420.78 |
| Woodie | 1,348.62 | 1,373.64 | 1,389.27 | 1,414.29 | 1,429.93 | 1,454.94 | 1,470.58 |
| Fibonacci | 1,375.21 | 1,390.73 | 1,400.33 | 1,415.86 | 1,431.39 | 1,440.98 | 1,456.51 |
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): | 72.15 | |
| MACD (12,26,9): | 29.0700 | |
| Directional Movement: | 31.45 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 1,412.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,438.16 | |
| Elder Ray (13): | 19.10 | |
| Super Trend (3,10): | 1,367.17 | |
| Zig ZAG (10): | 1,429.73 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 72.53 | |
| TEMA (21): | 1,425.78 | |
| Williams %R (14): | -10.70 | |
| Chande Momentum Oscillator (20): | 86.25 | |
| Repulse (5,40,3): | 2.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 11.36 |
| MA7: | 1,412.24 | |
| MA20: | 1,370.32 | |
| MA50: | 1,320.03 | |
| MA100: | 1,311.02 | |
| MAexp7: | 1,404.58 | |
| MAexp20: | 1,375.28 | |
| MAexp50: | 1,338.53 | |
| MAexp100: | 1,315.22 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +4.11% | |
| Price / MA50: | +8.07% | |
| Price / MA100: | +8.81% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +3.73% | |
| Price / MAexp50: | +6.58% | |
| Price / MAexp100: | +8.47% |
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
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New Gold Inc. - NGD Stock Chart Technical Analysis for 07-02-2019
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Discovery Gold Corporation - DCGD Stock Chart Technical Analysis for 07-02-2019
-
Who gets the gold from the overthrow of governments?
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Gold Forecast July 3, 2019
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Gold is ‘overbought’ short term but things ‘bode well’ long term
This member declared not having a position on this financial instrument or a related financial instrument.
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