GOLD - USD
GOLD - USD
1,493.59 USD (+0.32%)
Real time - Gold & Silver Spot
Open: 1,488.84
Change: +4.73
Volume: 259,959
Low: 1,487.76
High: 1,496.34
High / Low range: 8.58
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 08/23/2019

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  • Timeframe : Daily
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 1,442.97 USD
My targets
1,544.30 USD (+3.34%)
1,909.60 USD (+27.78%)
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 1,442.97 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.

Complete this analysis for 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 price is 1,494.40 USD. The price registered a decrease of -0.21% on the session and was traded between 1,493.64 USD and 1,497.68 USD over the period. The price is currently at +0.05% from its lowest and -0.22% from its highest.

1,493.64
1,497.68
1,494.40

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1,360.59 1,412.81 1,442.97 1,494.40 1,544.30 1,909.60
Change (%) -8.95% -5.46% -3.44% - +3.34% +27.78%
Change -133.81 -81.59 -51.43 - +49.90 +415.20
Level Major Minor Minor - Intermediate 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
Standard1,479.661,486.091,491.831,498.261,504.001,510.431,516.17
Camarilla1,494.231,495.351,496.461,497.581,498.701,499.811,500.93
Woodie1,479.331,485.921,491.501,498.091,503.671,510.261,515.84
Fibonacci1,486.091,490.741,493.611,498.261,502.911,505.781,510.43


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,428.771,454.371,483.901,509.501,539.031,564.631,594.16
Camarilla1,498.261,503.311,508.371,513.421,518.471,523.531,528.58
Woodie1,430.731,455.351,485.861,510.481,540.991,565.611,596.12
Fibonacci1,454.371,475.431,488.441,509.501,530.561,543.571,564.63


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 57.85
MACD (12,26,9): 22.0800
Directional Movement: 12.43
AROON (14): 42.86
DEMA (21): 1,514.81
Parabolic SAR (0,02-0,02-0,2): 1,534.26
Elder Ray (13): 0.90
Super Trend (3,10): 1,438.46
Zig ZAG (10): 1,493.91
VORTEX (21): 1.1700
Stochastique (14,3,5): 59.41
TEMA (21): 1,514.78
Williams %R (14): -52.27
Chande Momentum Oscillator (20): -7.40
Repulse (5,40,3): -0.4200
ROCnROLL: -1
TRIX (15,9): 0.2500
Courbe Coppock: 7.22
MA7: 1,505.29
MA20: 1,483.37
MA50: 1,437.55
MA100: 1,365.86
MAexp7: 1,500.45
MAexp20: 1,483.87
MAexp50: 1,439.47
MAexp100: 1,391.93
Price / MA7: -0.72%
Price / MA20: +0.74%
Price / MA50: +3.95%
Price / MA100: +9.41%
Price / MAexp7: -0.40%
Price / MAexp20: +0.71%
Price / MAexp50: +3.82%
Price / MAexp100: +7.36%

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.

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