SPDR GOLD TRUST

GLD

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

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Change:	-
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High / Low range:	-

Type:	ETF
Ticker:	GLD
ISIN:

SPDR GOLD TRUST - 1H - Technical analysis published on 09/19/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 178.35 USD

My targets

180.28 USD (+0.50%)

181.12 USD (+0.96%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SPDR GOLD TRUST as long as the price remains well above 178.35 USD. The buyers' bullish objective is set at 180.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 181.12 USD. If there is any crossing, the next objective would be the resistance located at 184.59 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

7.3

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 hedgemats. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SPDR GOLD TRUST price is 179.39 USD. The price registered an increase of +0.59% on the session and was between 178.38 USD and 179.41 USD. This implies that the price is at +0.57% from its lowest and at -0.01% from its highest.

178.38

179.41

179.39

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SPDR GOLD TRUST indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	177.11	178.35	179.07	179.39	180.28	181.12	184.59
Change (%)	-1.27%	-0.58%	-0.18%	-	+0.50%	+0.96%	+2.90%
Change	-2.28	-1.04	-0.32	-	+0.89	+1.73	+5.20
Level	Major	Intermediate	Intermediate	-	Major	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	177.68	178.03	178.71	179.06	179.74	180.09	180.77
Camarilla	179.11	179.20	179.30	179.39	179.48	179.58	179.67
Woodie	177.85	178.11	178.88	179.14	179.91	180.17	180.94
Fibonacci	178.03	178.42	178.67	179.06	179.45	179.70	180.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	177.68	178.03	178.71	179.06	179.74	180.09	180.77
Camarilla	179.11	179.20	179.30	179.39	179.48	179.58	179.67
Woodie	177.85	178.11	178.88	179.14	179.91	180.17	180.94
Fibonacci	178.03	178.42	178.67	179.06	179.45	179.70	180.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	169.72	172.33	176.17	178.78	182.62	185.23	189.07
Camarilla	178.25	178.84	179.43	180.02	180.61	181.20	181.79
Woodie	170.35	172.64	176.80	179.09	183.25	185.54	189.70
Fibonacci	172.33	174.79	176.31	178.78	181.24	182.76	185.23

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):	69.53
MACD (12,26,9):	0.4200
Directional Movement:	25.03
AROON (14):	100.00
DEMA (21):	179.00
Parabolic SAR (0,02-0,02-0,2):	177.67
Elder Ray (13):	0.54
Super Trend (3,10):	178.34
Zig ZAG (10):	179.38
VORTEX (21):	1.1000
Stochastique (14,3,5):	94.59
TEMA (21):	179.40
Williams %R (14):	-2.80
Chande Momentum Oscillator (20):	0.45
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	1.76

MA7:	177.99
MA20:	178.21
MA50:	179.29
MA100:	180.89
MAexp7:	179.07
MAexp20:	178.53
MAexp50:	178.24
MAexp100:	178.26
Price / MA7:	+0.79%
Price / MA20:	+0.66%
Price / MA50:	+0.06%
Price / MA100:	-0.83%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.48%
Price / MAexp50:	+0.64%
Price / MAexp100:	+0.63%

Quotes : - 15 min delayed data - NYSE MKT Stocks

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

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