GOLD FULL0424
GOLD FULL0424
- USD (-)
- 10 min delayed data - COMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: GCXXXX
ISIN: GCXXXX

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

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 Simon1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLD FULL0621:
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1,750.91,757.21,768.21,774.51,785.51,791.81,802.8
Camarilla1,774.41,776.01,777.61,779.21,780.81,782.41,784.0
Woodie1,753.31,758.41,770.61,775.71,787.91,793.01,805.2
Fibonacci1,757.21,763.81,767.91,774.51,781.11,785.21,791.8


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,679.21,701.21,740.71,762.71,802.21,824.21,863.7
Camarilla1,763.31,768.91,774.61,780.21,785.81,791.51,797.1
Woodie1,688.01,705.61,749.51,767.11,811.01,828.61,872.5
Fibonacci1,701.21,724.71,739.21,762.71,786.21,800.71,824.2


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,602.21,637.71,683.11,718.61,764.01,799.51,844.9
Camarilla1,706.21,713.61,721.01,728.41,735.81,743.21,750.7
Woodie1,607.11,640.21,688.01,721.11,768.91,802.01,849.8
Fibonacci1,637.71,668.61,687.71,718.61,749.51,768.61,799.5

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 : - 10 min delayed data - COMEX Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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