GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

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

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

33%

44%

22%

My opinion

Bullish above 2,300.38 USD

My targets

2,367.07 USD (+1.33%)

2,497.73 USD (+6.92%)

My analysis

The basic bullish trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2,300.38 USD. Crossing the first resistance at 2,367.07 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2,497.73 USD as an objective. Caution, a return to below 2,300.38 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

4.6

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

GOLD - USD rating 2,336.10 USD. The price registered an increase of +0.23% on the session with the lowest point at 2,326.29 USD and the highest point at 2,352.61 USD. The deviation from the price is +0.42% for the low point and -0.70% for the high point.

2,326.29

2,352.61

2,336.10

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 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 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 show a weakening of the global trend. 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

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these 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

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

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	2,336.10
Change (%)	-12.28%	-10.98%	-5.66%	-
Change	-286.82	-256.55	-132.11	-
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):	58.73
MACD (12,26,9):	37.6200
Directional Movement:	10.39
AROON (14):	-50.00
DEMA (21):	2,374.71
Parabolic SAR (0,02-0,02-0,2):	2,397.70
Elder Ray (13):	4.14
Super Trend (3,10):	2,265.09
Zig ZAG (10):	2,336.37
VORTEX (21):	1.1600
Stochastique (14,3,5):	30.10
TEMA (21):	2,365.39
Williams %R (14):	-67.23
Chande Momentum Oscillator (20):	1.89
Repulse (5,40,3):	-0.2100
ROCnROLL:	-1
TRIX (15,9):	0.3300
Courbe Coppock:	3.19

MA7:	2,344.34
MA20:	2,336.74
MA50:	2,206.23
MA100:	2,118.85
MAexp7:	2,338.85
MAexp20:	2,317.83
MAexp50:	2,234.26
MAexp100:	2,152.47
Price / MA7:	-0.35%
Price / MA20:	-0.03%
Price / MA50:	+5.89%
Price / MA100:	+10.25%
Price / MAexp7:	-0.12%
Price / MAexp20:	+0.79%
Price / MAexp50:	+4.56%
Price / MAexp100:	+8.53%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

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