GOLD - USD
GOLD - USD
1,489.76 USD (+0.52%)
Real time - Gold & Silver Spot
Open: 1,482.05
Change: +7.72
Volume: 392,969
Low: 1,477.08
High: 1,491.65
High / Low range: 14.57
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 08/07/2019

  • Who voted?
  • 125
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,442.97 USD
My targets
1,544.30 USD (+4.05%)
1,909.60 USD (+28.67%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1,442.97 USD, you could try to benefit from the boom. The first bullish objective is located at 1,544.30 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,909.60 USD as an objective. 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.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

The GOLD - USD rating is 1,484.15 USD. The price registered an increase of +0.50% on the session with the lowest point at 1,474.56 USD and the highest point at 1,490.23 USD. The deviation from the price is +0.65% for the low point and -0.41% for the high point.

1,474.56
1,490.23
1,484.15

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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 the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1,340.63 1,360.59 1,442.97 1,484.15 1,544.30 1,909.60
Change (%) -9.67% -8.33% -2.77% - +4.05% +28.67%
Change -143.52 -123.56 -41.18 - +60.15 +425.45
Level Intermediate Major Minor - 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
Standard1,442.151,449.311,463.071,470.231,483.991,491.151,504.91
Camarilla1,471.071,472.991,474.901,476.821,478.741,480.661,482.57
Woodie1,445.441,450.961,466.361,471.881,487.281,492.801,508.20
Fibonacci1,449.311,457.311,462.241,470.231,478.231,483.161,491.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,362.401,381.471,411.061,430.131,459.721,478.791,508.38
Camarilla1,427.271,431.731,436.191,440.651,445.111,449.571,454.03
Woodie1,367.661,384.101,416.321,432.761,464.981,481.421,513.64
Fibonacci1,381.471,400.061,411.541,430.131,448.721,460.201,478.79


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 69.55
MACD (12,26,9): 20.1800
Directional Movement: 21.15
AROON (14): 28.57
DEMA (21): 1,460.02
Parabolic SAR (0,02-0,02-0,2): 1,407.73
Elder Ray (13): 37.75
Super Trend (3,10): 1,415.63
Zig ZAG (10): 1,484.18
VORTEX (21): 1.1900
Stochastique (14,3,5): 97.09
TEMA (21): 1,462.67
Williams %R (14): -6.81
Chande Momentum Oscillator (20): 60.33
Repulse (5,40,3): 2.8700
ROCnROLL: 1
TRIX (15,9): 0.1600
Courbe Coppock: 4.76
MA7: 1,450.96
MA20: 1,430.76
MA50: 1,394.41
MA100: 1,341.08
MAexp7: 1,457.92
MAexp20: 1,434.23
MAexp50: 1,398.23
MAexp100: 1,360.73
Price / MA7: +2.29%
Price / MA20: +3.73%
Price / MA50: +6.44%
Price / MA100: +10.67%
Price / MAexp7: +1.80%
Price / MAexp20: +3.48%
Price / MAexp50: +6.14%
Price / MAexp100: +9.07%

News


The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related instrument.

About author

Online

Overall rating :
3395
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis GOLD - USD - Daily