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1KG GOLD USD
1KG GOLD USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: XAU1KGUSD
ISIN:

1KG GOLD USD - Daily - Technical analysis published on 03/13/2024 (GMT)

  • 193
  • 0
  • Timeframe : Daily
  • - Analysis generated on
  • Status : WITHOUT TARGET

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 67,917 USD
My targets
-
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on 1KG GOLD USD as long as the price remains well above 67,917 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4

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.

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

Additional analysis

Quotes

1KG GOLD USD rating 69,912 USD. The price has increased by +0.82% since the last closing and was traded between 69,337 USD and 70,085 USD over the period. The price is currently at +0.83% from its lowest and -0.25% from its highest.

69,337
70,085
69,912

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by 1KG GOLD USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in Daily of this 1KG GOLD USD chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 61,390 64,029 65,886 69,912
Change (%) -12.19% -8.41% -5.76% -
Change -8,522 -5,883 -4,026 -
Level 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
Standard67,82568,48568,91669,57670,00770,66771,098
Camarilla69,04769,14769,24769,34769,44769,54769,647
Woodie67,71168,42868,80269,51969,89370,61070,984
Fibonacci68,48568,90269,15969,57669,99370,25070,667


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard63,97765,41767,69669,13671,41572,85575,134
Camarilla68,95269,29369,63469,97570,31670,65770,998
Woodie64,39765,62768,11669,34671,83573,06575,554
Fibonacci65,41766,83867,71569,13670,55771,43472,855


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard61,60762,70364,21465,31066,82167,91769,428
Camarilla65,00965,24865,48765,72665,96566,20466,443
Woodie61,81662,80764,42365,41467,03068,02169,637
Fibonacci62,70363,69964,31465,31066,30666,92167,917

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): 75.00
MACD (12,26,9): 1,261.0000
Directional Movement: 25
AROON (14): 72
DEMA (21): 69,042
Parabolic SAR (0,02-0,02-0,2): 67,889
Elder Ray (13): 1,392
Super Trend (3,10): 67,801
Zig ZAG (10): 69,900
VORTEX (21): 1.0000
Stochastique (14,3,5): 87.00
TEMA (21): 69,983
Williams %R (14): -12.00
Chande Momentum Oscillator (20): 4,604
Repulse (5,40,3): 1.0000
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 13.00
MA7: 69,487
MA20: 66,891
MA50: 65,899
MA100: 65,244
MAexp7: 69,225
MAexp20: 67,600
MAexp50: 66,292
MAexp100: 65,313
Price / MA7: +0.61%
Price / MA20: +4.52%
Price / MA50: +6.09%
Price / MA100: +7.15%
Price / MAexp7: +0.99%
Price / MAexp20: +3.42%
Price / MAexp50: +5.46%
Price / MAexp100: +7.04%

Quotes : - Real time data - Gold & Silver Spot

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

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Londinia
Londinia AI

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