GOLD - USD - Daily - Technical analysis published on 01/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1,476.29 USD
My targets
1,544.30 USD (+1.59%)
1,617.16 USD (+6.38%)
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 1,476.29 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 1,617.16 USD. If there is any crossing, the next objective would be the resistance located at 1,792.46 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.8
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 price is 1,520.17 USD. The price has increased by +0.11% since the last closing and was traded between 1,517.29 USD and 1,521.50 USD over the period. The price is currently at +0.19% from its lowest and -0.09% from its highest.1,517.29
1,521.50
1,520.17
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
Technical
Technical analysis of GOLD - USD in Daily shows an overall bullish trend. The signals returned by the moving averages are 75% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,412.81 | 1,476.29 | 1,513.35 | 1,520.17 | 1,544.30 | 1,792.46 | 1,909.60 |
| Change (%) | -7.06% | -2.89% | -0.45% | - | +1.59% | +17.91% | +25.62% |
| Change | -107.36 | -43.88 | -6.82 | - | +24.13 | +272.29 | +389.43 |
| Level | Minor | Major | Major | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,512.48 | 1,514.96 | 1,516.72 | 1,519.20 | 1,520.96 | 1,523.44 | 1,525.20 |
| Camarilla | 1,517.30 | 1,517.69 | 1,518.08 | 1,518.47 | 1,518.86 | 1,519.25 | 1,519.64 |
| Woodie | 1,512.11 | 1,514.78 | 1,516.35 | 1,519.02 | 1,520.59 | 1,523.26 | 1,524.83 |
| Fibonacci | 1,514.96 | 1,516.58 | 1,517.58 | 1,519.20 | 1,520.82 | 1,521.82 | 1,523.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,449.45 | 1,463.48 | 1,487.32 | 1,501.35 | 1,525.19 | 1,539.22 | 1,563.06 |
| Camarilla | 1,500.74 | 1,504.21 | 1,507.68 | 1,511.15 | 1,514.62 | 1,518.09 | 1,521.56 |
| Woodie | 1,454.35 | 1,465.93 | 1,492.22 | 1,503.80 | 1,530.09 | 1,541.67 | 1,567.96 |
| Fibonacci | 1,463.48 | 1,477.95 | 1,486.89 | 1,501.35 | 1,515.82 | 1,524.76 | 1,539.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,402.81 | 1,428.38 | 1,474.26 | 1,499.83 | 1,545.71 | 1,571.28 | 1,617.16 |
| Camarilla | 1,500.50 | 1,507.05 | 1,513.60 | 1,520.15 | 1,526.70 | 1,533.25 | 1,539.80 |
| Woodie | 1,412.98 | 1,433.46 | 1,484.43 | 1,504.91 | 1,555.88 | 1,576.36 | 1,627.33 |
| Fibonacci | 1,428.38 | 1,455.67 | 1,472.53 | 1,499.83 | 1,527.12 | 1,543.98 | 1,571.28 |
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): | 73.15 | |
| MACD (12,26,9): | 12.3900 | |
| Directional Movement: | 25.03 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1,509.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,504.67 | |
| Elder Ray (13): | 16.58 | |
| Super Trend (3,10): | 1,492.03 | |
| Zig ZAG (10): | 1,520.38 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 90.06 | |
| TEMA (21): | 1,520.73 | |
| Williams %R (14): | -10.27 | |
| Chande Momentum Oscillator (20): | 44.13 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 5.70 |
| MA7: | 1,513.60 | |
| MA20: | 1,488.26 | |
| MA50: | 1,480.51 | |
| MA100: | 1,492.92 | |
| MAexp7: | 1,512.13 | |
| MAexp20: | 1,495.53 | |
| MAexp50: | 1,485.88 | |
| MAexp100: | 1,473.29 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +2.14% | |
| Price / MA50: | +2.68% | |
| Price / MA100: | +1.83% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +1.65% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +3.18% |
News
Don"t forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:
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Gold Technical Analysis for January 02, 2019 by FXEmpire
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Gold Forecast January 2, 2020
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Direxion Daily Gold Miners Index Bear 3X Shares - DUST Stock Chart Technical Analysis for 12-31-2019
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Dollar, Gold, Yen: What are the Top Safe Havens of 2020?
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Direxion Daily Gold Miners Index Bear 3X Shares - DUST Stock Chart Technical Analysis for 12-30-2019
This member declared not having a position on this financial instrument or a related financial instrument.
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