GOLD - USD - Daily - Technical analysis published on 01/31/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 1,544.30 USD
My targets
1,595.11 USD (+1.46%)
1,617.16 USD (+2.86%)
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,544.30 USD. The next resistance located at 1,595.11 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,617.16 USD. After this resistance, buyers could then target 1,792.46 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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Additional analysis
Quotes
The GOLD - USD rating is 1,572.23 USD. The price registered an increase of -0.19% on the session and was between 1,570.93 USD and 1,575.62 USD. This implies that the price is at +0.08% from its lowest and at -0.22% from its highest.1,570.93
1,575.62
1,572.23
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.
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:
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. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,454.01 | 1,513.35 | 1,544.30 | 1,572.23 | 1,595.11 | 1,792.46 | 1,909.60 |
| Change (%) | -7.52% | -3.74% | -1.78% | - | +1.46% | +14.01% | +21.46% |
| Change | -118.22 | -58.88 | -27.93 | - | +22.88 | +220.23 | +337.37 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 1,556.10 | 1,564.25 | 1,569.72 | 1,577.87 | 1,583.34 | 1,591.49 | 1,596.96 |
| Camarilla | 1,571.44 | 1,572.69 | 1,573.94 | 1,575.19 | 1,576.44 | 1,577.69 | 1,578.94 |
| Woodie | 1,554.76 | 1,563.58 | 1,568.38 | 1,577.20 | 1,582.00 | 1,590.82 | 1,595.62 |
| Fibonacci | 1,564.25 | 1,569.45 | 1,572.67 | 1,577.87 | 1,583.07 | 1,586.29 | 1,591.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,524.17 | 1,535.25 | 1,553.69 | 1,564.77 | 1,583.21 | 1,594.29 | 1,612.73 |
| Camarilla | 1,564.00 | 1,566.71 | 1,569.41 | 1,572.12 | 1,574.83 | 1,577.53 | 1,580.24 |
| Woodie | 1,527.84 | 1,537.09 | 1,557.36 | 1,566.61 | 1,586.88 | 1,596.13 | 1,616.40 |
| Fibonacci | 1,535.25 | 1,546.53 | 1,553.50 | 1,564.77 | 1,576.05 | 1,583.02 | 1,594.29 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.17 | |
| MACD (12,26,9): | 15.6200 | |
| Directional Movement: | 18.53 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 1,579.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,540.08 | |
| Elder Ray (13): | 7.40 | |
| Super Trend (3,10): | 1,529.61 | |
| Zig ZAG (10): | 1,572.48 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 73.96 | |
| TEMA (21): | 1,580.93 | |
| Williams %R (14): | -30.83 | |
| Chande Momentum Oscillator (20): | 16.05 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 2.04 |
| MA7: | 1,572.49 | |
| MA20: | 1,563.99 | |
| MA50: | 1,515.77 | |
| MA100: | 1,503.14 | |
| MAexp7: | 1,571.32 | |
| MAexp20: | 1,558.04 | |
| MAexp50: | 1,530.77 | |
| MAexp100: | 1,504.61 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | +3.72% | |
| Price / MA100: | +4.60% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +2.71% | |
| Price / MAexp100: | +4.49% |
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
-
Gold Forecast January 31, 2020
-
Will gold target $1,600? – 30th January 2020
-
Gold Technical Analysis for January 31, 2020 by FXEmpire
-
Gold Forecast January 30, 2020
-
Gold Technical Analysis for January 30, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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