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SPDR GOLD TRUST
SPDR GOLD TRUST
- USD (-)
- 15 min delayed data - NYSE MKT Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: ETF
Ticker: GLD
ISIN:

SPDR GOLD TRUST - Daily - Technical analysis published on 02/20/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 149.64 USD
My targets
173.61 USD (+14.04%)
184.59 USD (+21.26%)
My analysis
SPDR GOLD TRUST 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 149.64 USD. The next resistance located at 173.61 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 184.59 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
8.6

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.

emerick
This analysis was given by emerick. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The SPDR GOLD TRUST price is 152.23 USD. The price registered an increase of +0.29% on the session with the lowest point at 151.95 USD and the highest point at 152.83 USD. The deviation from the price is +0.18% for the low point and -0.39% for the high point.

151.95
152.83
152.23

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SPDR GOLD TRUST:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of SPDR GOLD TRUST in Daily shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 137.01 146.66 149.64 152.23 173.61 184.59
Change (%) -10.00% -3.66% -1.70% - +14.04% +21.26%
Change -15.22 -5.57 -2.59 - +21.38 +32.36
Level Major Major Intermediate - Minor 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
Standard150.13150.47151.13151.48152.14152.48153.14
Camarilla151.51151.61151.70151.79151.88151.97152.07
Woodie150.28150.55151.29151.55152.29152.56153.30
Fibonacci150.47150.85151.09151.48151.86152.10152.48


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard145.51146.26147.63148.38149.75150.50151.87
Camarilla148.42148.61148.81149.00149.19149.39149.58
Woodie145.82146.42147.94148.54150.06150.66152.18
Fibonacci146.26147.07147.57148.38149.19149.69150.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard138.98141.19145.26147.47151.54153.75157.82
Camarilla147.60148.18148.75149.33149.91150.48151.06
Woodie139.91141.66146.19147.94152.47154.22158.75
Fibonacci141.19143.59145.07147.47149.87151.35153.75

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): 73.38
MACD (12,26,9): 1.4700
Directional Movement: 29.71
AROON (14): 78.57
DEMA (21): 150.45
Parabolic SAR (0,02-0,02-0,2): 146.42
Elder Ray (13): 3.10
Super Trend (3,10): 148.98
Zig ZAG (10): 152.22
VORTEX (21): 1.1200
Stochastique (14,3,5): 95.90
TEMA (21): 150.61
Williams %R (14): -8.25
Chande Momentum Oscillator (20): 3.89
Repulse (5,40,3): 1.0700
ROCnROLL: 1
TRIX (15,9): 0.1200
Courbe Coppock: 2.61
MA7: 149.64
MA20: 148.51
MA50: 145.18
MA100: 142.43
MAexp7: 150.22
MAexp20: 148.53
MAexp50: 145.96
MAexp100: 143.17
Price / MA7: +1.73%
Price / MA20: +2.50%
Price / MA50: +4.86%
Price / MA100: +6.88%
Price / MAexp7: +1.34%
Price / MAexp20: +2.49%
Price / MAexp50: +4.30%
Price / MAexp100: +6.33%

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

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