GOLD FULL0424 - Daily - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1,741.7 USD
My targets
1,866.9 USD (+4.89%)
1,902.8 USD (+6.91%)
My analysis
The strong short-term increase in GOLD FULL0621 calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1,741.7 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1,866.9 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,902.8 USD as an objective. Crossing it would then enable buyers to target 1,953.0 USD. Caution, a return under 1,741.7 USD could jeopardize the reversal.
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
2.7
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD FULL0621 rating 1,779.8 USD. On the day, this instrument gained +0.08% and was between 1,776.6 USD and 1,779.9 USD. This implies that the price is at +0.18% from its lowest and at -0.01% from its highest.1,776.6
1,779.9
1,779.8
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD FULL0621:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GOLD FULL0621 chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,686.0 | 1,741.7 | 1,776.9 | 1,779.8 | 1,866.9 | 1,902.8 | 1,953.0 |
Change (%) | -5.27% | -2.14% | -0.16% | - | +4.89% | +6.91% | +9.73% |
Change | -93.8 | -38.1 | -2.9 | - | +87.1 | +123.0 | +173.2 |
Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 | 1,750.9 | 1,757.2 | 1,768.2 | 1,774.5 | 1,785.5 | 1,791.8 | 1,802.8 |
Camarilla | 1,774.4 | 1,776.0 | 1,777.6 | 1,779.2 | 1,780.8 | 1,782.4 | 1,784.0 |
Woodie | 1,753.3 | 1,758.4 | 1,770.6 | 1,775.7 | 1,787.9 | 1,793.0 | 1,805.2 |
Fibonacci | 1,757.2 | 1,763.8 | 1,767.9 | 1,774.5 | 1,781.1 | 1,785.2 | 1,791.8 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,679.2 | 1,701.2 | 1,740.7 | 1,762.7 | 1,802.2 | 1,824.2 | 1,863.7 |
Camarilla | 1,763.3 | 1,768.9 | 1,774.6 | 1,780.2 | 1,785.8 | 1,791.5 | 1,797.1 |
Woodie | 1,688.0 | 1,705.6 | 1,749.5 | 1,767.1 | 1,811.0 | 1,828.6 | 1,872.5 |
Fibonacci | 1,701.2 | 1,724.7 | 1,739.2 | 1,762.7 | 1,786.2 | 1,800.7 | 1,824.2 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,602.2 | 1,637.7 | 1,683.1 | 1,718.6 | 1,764.0 | 1,799.5 | 1,844.9 |
Camarilla | 1,706.2 | 1,713.6 | 1,721.0 | 1,728.4 | 1,735.8 | 1,743.2 | 1,750.7 |
Woodie | 1,607.1 | 1,640.2 | 1,688.0 | 1,721.1 | 1,768.9 | 1,802.0 | 1,849.8 |
Fibonacci | 1,637.7 | 1,668.6 | 1,687.7 | 1,718.6 | 1,749.5 | 1,768.6 | 1,799.5 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 58.90 | |
MACD (12,26,9): | 8.5000 | |
Directional Movement: | 6.9 | |
AROON (14): | 85.7 | |
DEMA (21): | 1,758.6 | |
Parabolic SAR (0,02-0,02-0,2): | 1,722.1 | |
Elder Ray (13): | 20.8 | |
Super Trend (3,10): | 1,712.4 | |
Zig ZAG (10): | 1,778.6 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 86.30 | |
TEMA (21): | 1,776.6 | |
Williams %R (14): | -13.10 | |
Chande Momentum Oscillator (20): | 50.9 | |
Repulse (5,40,3): | 0.8000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 5.20 |
MA7: | 1,765.4 | |
MA20: | 1,742.1 | |
MA50: | 1,749.0 | |
MA100: | 1,803.1 | |
MAexp7: | 1,767.1 | |
MAexp20: | 1,751.4 | |
MAexp50: | 1,760.5 | |
MAexp100: | 1,789.5 | |
Price / MA7: | +0.82% | |
Price / MA20: | +2.16% | |
Price / MA50: | +1.76% | |
Price / MA100: | -1.29% | |
Price / MAexp7: | +0.72% | |
Price / MAexp20: | +1.62% | |
Price / MAexp50: | +1.10% | |
Price / MAexp100: | -0.54% |
Quotes :
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10 min delayed data
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COMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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