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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 - Daily - Technical analysis published on 08/03/2019 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1,415.14 USD
My targets
1,442.97 USD (+0.16%)
1,544.30 USD (+7.19%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1,415.14 USD, you could try to benefit from the boom. The first bullish objective is located at 1,442.97 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,544.30 USD as an objective. Crossing it would then enable buyers to target 1,909.60 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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.

Loofp1
This analysis was given by Loofp1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GOLD - USD price is 1,440.65 USD. On the day, this instrument gained +0.17% with the lowest point at 1,430.34 USD and the highest point at 1,448.04 USD. The deviation from the price is +0.72% for the low point and -0.51% for the high point.

1,430.34
1,448.04
1,440.65

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 study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLD - USD in Daily shows a strongly overall bullish trend. 92.86% 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,340.63 1,360.59 1,415.14 1,440.65 1,442.97 1,544.30 1,909.60
Change (%) -6.94% -5.56% -1.77% - +0.16% +7.19% +32.55%
Change -100.02 -80.06 -25.51 - +2.32 +103.65 +468.95
Level Intermediate Major Minor - Intermediate Minor Intermediate



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
Standard1,360.771,380.651,409.431,429.311,458.091,477.971,506.75
Camarilla1,424.821,429.281,433.741,438.201,442.661,447.121,451.58
Woodie1,365.211,382.881,413.871,431.541,462.531,480.201,511.19
Fibonacci1,380.651,399.241,410.731,429.311,447.901,459.391,477.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,385.811,398.451,408.591,421.231,431.371,444.011,454.15
Camarilla1,412.471,414.551,416.641,418.731,420.821,422.911,425.00
Woodie1,384.561,397.831,407.341,420.611,430.121,443.391,452.90
Fibonacci1,398.451,407.151,412.531,421.231,429.931,435.311,444.01


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,307.151,344.481,378.361,415.691,449.571,486.901,520.78
Camarilla1,392.651,399.181,405.701,412.231,418.761,425.291,431.81
Woodie1,305.421,343.621,376.631,414.831,447.841,486.041,519.05
Fibonacci1,344.481,371.691,388.491,415.691,442.901,459.701,486.90

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 60.09
MACD (12,26,9): 12.6300
Directional Movement: 11.03
AROON (14): 7.14
DEMA (21): 1,437.10
Parabolic SAR (0,02-0,02-0,2): 1,399.22
Elder Ray (13): 14.68
Super Trend (3,10): 1,374.49
Zig ZAG (10): 1,440.65
VORTEX (21): 1.0500
Stochastique (14,3,5): 57.13
TEMA (21): 1,432.16
Williams %R (14): -23.41
Chande Momentum Oscillator (20): 15.97
Repulse (5,40,3): 1.2700
ROCnROLL: 1
TRIX (15,9): 0.1400
Courbe Coppock: 1.89
MA7: 1,425.77
MA20: 1,419.60
MA50: 1,382.62
MA100: 1,335.98
MAexp7: 1,428.98
MAexp20: 1,418.66
MAexp50: 1,387.99
MAexp100: 1,353.56
Price / MA7: +1.04%
Price / MA20: +1.48%
Price / MA50: +4.20%
Price / MA100: +7.83%
Price / MAexp7: +0.82%
Price / MAexp20: +1.55%
Price / MAexp50: +3.79%
Price / MAexp100: +6.43%

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.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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