GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Weekly - Technical analysis published on 04/24/2024 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above

My targets

()

My analysis

GOLD - USD 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 . The next resistance located at 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 . 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

8.2

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

Additional analysis

Quotes

The GOLD - USD price is 2,316.50 USD. The price is lower by -2.17% over the 5 days and has been traded over the last 5 days between 2,291.48 USD and 2,391.90 USD. This implies that the 5 day price is +1.09% from its lowest point and -3.15% from its highest point.

2,291.48

2,391.90

2,316.50

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Weekly 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.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	1,821.36	1,908.31	2,049.28	2,316.50
Change (%)	-21.37%	-17.62%	-11.54%	-
Change	-495.14	-408.19	-267.22	-
Level	Intermediate	Minor	Major	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,255.36	2,273.42	2,298.37	2,316.43	2,341.38	2,359.44	2,384.39
Camarilla	2,311.49	2,315.44	2,319.38	2,323.32	2,327.26	2,331.21	2,335.15
Woodie	2,258.81	2,275.14	2,301.82	2,318.15	2,344.83	2,361.16	2,387.84
Fibonacci	2,273.42	2,289.85	2,300.00	2,316.43	2,332.86	2,343.01	2,359.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,245.34	2,285.41	2,337.77	2,377.84	2,430.20	2,470.27	2,522.63
Camarilla	2,364.71	2,373.19	2,381.66	2,390.13	2,398.60	2,407.08	2,415.55
Woodie	2,251.49	2,288.48	2,343.92	2,380.91	2,436.35	2,473.34	2,528.78
Fibonacci	2,285.41	2,320.72	2,342.53	2,377.84	2,413.15	2,434.96	2,470.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,905.68	1,972.37	2,103.03	2,169.72	2,300.38	2,367.07	2,497.73
Camarilla	2,179.41	2,197.50	2,215.59	2,233.68	2,251.77	2,269.86	2,287.95
Woodie	1,937.66	1,988.36	2,135.01	2,185.71	2,332.36	2,383.06	2,529.71
Fibonacci	1,972.37	2,047.76	2,094.34	2,169.72	2,245.11	2,291.69	2,367.07

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):	69.58
MACD (12,26,9):	92.8500
Directional Movement:	28.30
AROON (14):	57.14
DEMA (21):	2,271.74
Parabolic SAR (0,02-0,02-0,2):	2,115.52
Elder Ray (13):	127.70
Super Trend (3,10):	2,154.01
Zig ZAG (10):	2,318.10
VORTEX (21):	1.2000
Stochastique (14,3,5):	81.93
TEMA (21):	2,326.99
Williams %R (14):	-25.43
Chande Momentum Oscillator (20):	278.27
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.4600
Courbe Coppock:	23.71

MA7:	2,356.32
MA20:	2,324.62
MA50:	2,192.84
MA100:	2,112.71
MAexp7:	2,280.59
MAexp20:	2,162.26
MAexp50:	2,051.73
MAexp100:	1,966.46
Price / MA7:	-1.69%
Price / MA20:	-0.35%
Price / MA50:	+5.64%
Price / MA100:	+9.65%
Price / MAexp7:	+1.57%
Price / MAexp20:	+7.13%
Price / MAexp50:	+12.90%
Price / MAexp100:	+17.80%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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