GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 04/26/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

44%

28%

My opinion

Bullish above 2,300.38 USD

My targets

2,367.07 USD (+1.31%)

2,497.73 USD (+6.90%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,300.38 USD. The buyers' bullish objective is set at 2,367.07 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,497.73 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.5

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD price is 2,336.55 USD. On the day, this instrument gained +0.25% with the lowest point at 2,326.29 USD and the highest point at 2,338.27 USD. The deviation from the price is +0.44% for the low point and -0.07% for the high point.

2,326.29

2,338.27

2,336.55

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 this Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,049.28	2,079.55	2,203.99	2,336.55
Change (%)	-12.29%	-11.00%	-5.67%	-
Change	-287.27	-257.00	-132.56	-
Level	Major	Minor	Intermediate	-

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	2,269.16	2,287.17	2,308.91	2,326.92	2,348.66	2,366.67	2,388.41
Camarilla	2,319.73	2,323.37	2,327.02	2,330.66	2,334.30	2,337.95	2,341.59
Woodie	2,271.04	2,288.10	2,310.79	2,327.85	2,350.54	2,367.60	2,390.29
Fibonacci	2,287.17	2,302.35	2,311.73	2,326.92	2,342.10	2,351.48	2,366.67

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.46
MACD (12,26,9):	37.4900
Directional Movement:	9.27
AROON (14):	-50.00
DEMA (21):	2,374.61
Parabolic SAR (0,02-0,02-0,2):	2,397.70
Elder Ray (13):	-2.94
Super Trend (3,10):	2,265.09
Zig ZAG (10):	2,335.77
VORTEX (21):	1.1600
Stochastique (14,3,5):	29.74
TEMA (21):	2,364.94
Williams %R (14):	-68.79
Chande Momentum Oscillator (20):	-0.41
Repulse (5,40,3):	0.0000
ROCnROLL:	-1
TRIX (15,9):	0.3300
Courbe Coppock:	3.17

MA7:	2,344.29
MA20:	2,336.67
MA50:	2,206.21
MA100:	2,118.83
MAexp7:	2,338.92
MAexp20:	2,317.71
MAexp50:	2,234.21
MAexp100:	2,152.43
Price / MA7:	-0.33%
Price / MA20:	-0.01%
Price / MA50:	+5.91%
Price / MA100:	+10.28%
Price / MAexp7:	-0.10%
Price / MAexp20:	+0.81%
Price / MAexp50:	+4.58%
Price / MAexp100:	+8.55%

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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