GOLD - GBP - Daily - Technical analysis published on 12/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
94%
0%
6%
My opinion
Bullish above 1,134.58 GBP
My targets
1,181.22 GBP (+2.27%)
1,238.04 GBP (+7.18%)
My analysis
The strong short-term increase of GOLD - GBP should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1,134.58 GBP, a purchase could be considered. The first bullish objective is located at 1,181.22 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1,238.04 GBP. If there is any crossing, the next objective would be the resistance at 1,281.36 GBP. Caution, if there is a return under 1,134.58 GBP, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
4.8
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 Frederico Pereira.
Additional analysis
Quotes
The GOLD - GBP rating is 1,155.05 GBP. The price registered a decrease of -0.64% on the session with the lowest point at 1,151.94 GBP and the highest point at 1,165.71 GBP. The deviation from the price is +0.27% for the low point and -0.91% for the high point.1,151.94
1,165.71
1,155.05
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - GBP:
Technical
Technical analysis of GOLD - GBP in Daily shows a neutral overall trend. The trend could quickly turn bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,057.49 | 1,087.46 | 1,134.58 | 1,155.05 | 1,181.22 | 1,238.04 | 1,281.36 |
| Change (%) | -8.45% | -5.85% | -1.77% | - | +2.27% | +7.18% | +10.94% |
| Change | -97.56 | -67.59 | -20.47 | - | +26.17 | +82.99 | +126.31 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | 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 | 1,144.44 | 1,148.86 | 1,155.65 | 1,160.07 | 1,166.86 | 1,171.28 | 1,178.07 |
| Camarilla | 1,159.35 | 1,160.38 | 1,161.40 | 1,162.43 | 1,163.46 | 1,164.49 | 1,165.51 |
| Woodie | 1,145.62 | 1,149.45 | 1,156.83 | 1,160.66 | 1,168.04 | 1,171.87 | 1,179.25 |
| Fibonacci | 1,148.86 | 1,153.15 | 1,155.79 | 1,160.07 | 1,164.36 | 1,167.00 | 1,171.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,073.66 | 1,087.03 | 1,111.92 | 1,125.29 | 1,150.18 | 1,163.55 | 1,188.44 |
| Camarilla | 1,126.30 | 1,129.81 | 1,133.31 | 1,136.82 | 1,140.33 | 1,143.83 | 1,147.34 |
| Woodie | 1,079.43 | 1,089.91 | 1,117.69 | 1,128.17 | 1,155.95 | 1,166.43 | 1,194.21 |
| Fibonacci | 1,087.03 | 1,101.64 | 1,110.67 | 1,125.29 | 1,139.90 | 1,148.93 | 1,163.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,062.37 | 1,092.68 | 1,112.25 | 1,142.56 | 1,162.13 | 1,192.44 | 1,212.01 |
| Camarilla | 1,118.09 | 1,122.67 | 1,127.24 | 1,131.81 | 1,136.38 | 1,140.96 | 1,145.53 |
| Woodie | 1,056.99 | 1,090.00 | 1,106.87 | 1,139.88 | 1,156.75 | 1,189.76 | 1,206.63 |
| Fibonacci | 1,092.68 | 1,111.74 | 1,123.51 | 1,142.56 | 1,161.62 | 1,173.39 | 1,192.44 |
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): | 59.67 | |
| MACD (12,26,9): | 3.7200 | |
| Directional Movement: | 9.86 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,136.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,115.42 | |
| Elder Ray (13): | 20.11 | |
| Super Trend (3,10): | 1,118.29 | |
| Zig ZAG (10): | 1,155.05 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 93.96 | |
| TEMA (21): | 1,148.95 | |
| Williams %R (14): | -13.25 | |
| Chande Momentum Oscillator (20): | 40.00 | |
| Repulse (5,40,3): | 0.8900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 4.25 |
| MA7: | 1,146.41 | |
| MA20: | 1,127.83 | |
| MA50: | 1,139.58 | |
| MA100: | 1,181.63 | |
| MAexp7: | 1,146.97 | |
| MAexp20: | 1,135.68 | |
| MAexp50: | 1,143.99 | |
| MAexp100: | 1,148.42 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +2.41% | |
| Price / MA50: | +1.36% | |
| Price / MA100: | -2.25% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +1.71% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +0.58% |
This member declared not having a position on this financial instrument or a related financial instrument.
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