GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
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GOLD - USD - Daily - Technical analysis published on 01/20/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 1,544.30 USD

My targets

1,595.11 USD (+2.27%)

1,617.16 USD (+3.68%)

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 1,544.30 USD. The buyers” bullish objective is set at 1,595.11 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

6.4

Comment on the analysis

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 1,559.71 USD. The price registered an increase of +0.14% on the session and was traded between 1,556.35 USD and 1,562.83 USD over the period. The price is currently at +0.22% from its lowest and -0.20% from its highest.

1,556.35

1,562.83

1,559.71

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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 an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. 89.29% 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 a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,474.76	1,513.35	1,544.30	1,559.71	1,595.11	1,792.46	1,909.60
Change (%)	-5.45%	-2.97%	-0.99%	-	+2.27%	+14.92%	+22.43%
Change	-84.95	-46.36	-15.41	-	+35.40	+232.75	+349.89
Level	Intermediate	Intermediate	Major	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,538.92	1,544.16	1,550.82	1,556.06	1,562.72	1,567.96	1,574.62
Camarilla	1,554.21	1,555.30	1,556.39	1,557.48	1,558.57	1,559.66	1,560.75
Woodie	1,539.63	1,544.52	1,551.53	1,556.42	1,563.43	1,568.32	1,575.33
Fibonacci	1,544.16	1,548.71	1,551.51	1,556.06	1,560.61	1,563.41	1,567.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,515.05	1,525.52	1,541.50	1,551.97	1,567.95	1,578.42	1,594.40
Camarilla	1,550.21	1,552.63	1,555.06	1,557.48	1,559.91	1,562.33	1,564.75
Woodie	1,517.81	1,526.90	1,544.26	1,553.35	1,570.71	1,579.80	1,597.16
Fibonacci	1,525.52	1,535.62	1,541.87	1,551.97	1,562.07	1,568.32	1,578.42

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):	62.61
MACD (12,26,9):	18.2700
Directional Movement:	24.18
AROON (14):	42.86
DEMA (21):	1,563.73
Parabolic SAR (0,02-0,02-0,2):	1,597.73
Elder Ray (13):	10.79
Super Trend (3,10):	1,527.29
Zig ZAG (10):	1,559.71
VORTEX (21):	1.2200
Stochastique (14,3,5):	43.43
TEMA (21):	1,570.30
Williams %R (14):	-54.98
Chande Momentum Oscillator (20):	30.90
Repulse (5,40,3):	0.5000
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	5.54

MA7:	1,554.69
MA20:	1,540.44
MA50:	1,497.39
MA100:	1,497.76
MAexp7:	1,555.25
MAexp20:	1,539.20
MAexp50:	1,513.68
MAexp100:	1,491.75
Price / MA7:	+0.32%
Price / MA20:	+1.25%
Price / MA50:	+4.16%
Price / MA100:	+4.14%
Price / MAexp7:	+0.29%
Price / MAexp20:	+1.33%
Price / MAexp50:	+3.04%
Price / MAexp100:	+4.56%

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.

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