GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
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GOLD - USD - Daily - Technical analysis published on 12/24/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

One daily analysis for free from

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 1,982.33 USD

My targets

2,071.45 USD (+0.91%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1,982.33 USD, you could try to benefit from the boom. The first bullish objective is located at 2,071.45 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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

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

Additional analysis

Quotes

The GOLD - USD price is 2,052.81 USD. The price has increased by +0.00% since the last closing and was traded between 2,046.86 USD and 2,070.68 USD over the period. The price is currently at +0.29% from its lowest and -0.86% from its highest.

2,046.86

2,070.68

2,052.81

Here is a more detailed summary of the historical variations registered by GOLD - USD:

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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. 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

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

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1,909.44	1,982.33	2,045.49	2,052.81	2,071.45
Change (%)	-6.98%	-3.43%	-0.36%	-	+0.91%
Change	-143.37	-70.48	-7.32	-	+18.64
Level	Major	Intermediate	Major	-	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	2,019.07	2,032.96	2,042.89	2,056.78	2,066.71	2,080.60	2,090.53
Camarilla	2,046.26	2,048.44	2,050.63	2,052.81	2,054.99	2,057.18	2,059.36
Woodie	2,017.08	2,031.97	2,040.90	2,055.79	2,064.72	2,079.61	2,088.54
Fibonacci	2,032.96	2,042.06	2,047.68	2,056.78	2,065.88	2,071.50	2,080.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,967.53	1,991.74	2,022.27	2,046.48	2,077.01	2,101.22	2,131.75
Camarilla	2,037.76	2,042.77	2,047.79	2,052.81	2,057.83	2,062.85	2,067.86
Woodie	1,970.70	1,993.32	2,025.44	2,048.06	2,080.18	2,102.80	2,134.92
Fibonacci	1,991.74	2,012.65	2,025.57	2,046.48	2,067.39	2,080.31	2,101.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,840.78	1,885.41	1,962.80	2,007.43	2,084.82	2,129.45	2,206.84
Camarilla	2,006.63	2,017.81	2,029.00	2,040.18	2,051.37	2,062.55	2,073.74
Woodie	1,857.15	1,893.60	1,979.17	2,015.62	2,101.19	2,137.64	2,223.21
Fibonacci	1,885.41	1,932.03	1,960.82	2,007.43	2,054.05	2,082.84	2,129.45

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.52
MACD (12,26,9):	14.6400
Directional Movement:	23.30
AROON (14):	-50.00
DEMA (21):	2,043.29
Parabolic SAR (0,02-0,02-0,2):	1,973.06
Elder Ray (13):	28.00
Super Trend (3,10):	2,076.54
Zig ZAG (10):	2,052.81
VORTEX (21):	1.0900
Stochastique (14,3,5):	54.03
TEMA (21):	2,042.80
Williams %R (14):	-18.31
Chande Momentum Oscillator (20):	25.74
Repulse (5,40,3):	0.5100
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	0.17

MA7:	2,037.25
MA20:	2,029.38
MA50:	1,995.92
MA100:	1,948.84
MAexp7:	2,038.49
MAexp20:	2,023.48
MAexp50:	1,995.13
MAexp100:	1,969.97
Price / MA7:	+0.76%
Price / MA20:	+1.15%
Price / MA50:	+2.85%
Price / MA100:	+5.33%
Price / MAexp7:	+0.70%
Price / MAexp20:	+1.45%
Price / MAexp50:	+2.89%
Price / MAexp100:	+4.21%

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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