GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 12/30/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2,045.49 USD

My targets

2,084.82 USD (+1.10%)

2,129.45 USD (+3.26%)

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 2,045.49 USD. The buyers' bullish objective is set at 2,084.82 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,129.45 USD. If there is any crossing, the next objective would be the resistance located at 2,206.84 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, technical indicators confirm the bullish opinion of this analysis. 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 bccartwright. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,062.19 USD. The price is lower by -0.22% since the last closing with the lowest point at 2,058.26 USD and the highest point at 2,074.83 USD. The deviation from the price is +0.19% for the low point and -0.61% for the high point.

2,058.26

2,074.83

2,062.19

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

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1,909.44	1,982.43	2,045.49	2,062.19	2,071.45
Change (%)	-7.41%	-3.87%	-0.81%	-	+0.45%
Change	-152.75	-79.76	-16.70	-	+9.26
Level	Major	Intermediate	Major	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,038.79	2,048.52	2,055.36	2,065.09	2,071.93	2,081.66	2,088.50
Camarilla	2,057.63	2,059.15	2,060.67	2,062.19	2,063.71	2,065.23	2,066.75
Woodie	2,037.34	2,047.80	2,053.91	2,064.37	2,070.48	2,080.94	2,087.05
Fibonacci	2,048.52	2,054.85	2,058.76	2,065.09	2,071.42	2,075.33	2,081.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,010.67	2,031.50	2,046.85	2,067.68	2,083.03	2,103.86	2,119.21
Camarilla	2,052.24	2,055.56	2,058.87	2,062.19	2,065.51	2,068.82	2,072.14
Woodie	2,007.92	2,030.13	2,044.10	2,066.31	2,080.28	2,102.49	2,116.46
Fibonacci	2,031.50	2,045.32	2,053.86	2,067.68	2,081.50	2,090.04	2,103.86

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):	59.23
MACD (12,26,9):	17.9800
Directional Movement:	23.98
AROON (14):	85.72
DEMA (21):	2,065.05
Parabolic SAR (0,02-0,02-0,2):	1,991.02
Elder Ray (13):	15.77
Super Trend (3,10):	2,006.43
Zig ZAG (10):	2,062.19
VORTEX (21):	1.0300
Stochastique (14,3,5):	84.64
TEMA (21):	2,067.52
Williams %R (14):	-22.80
Chande Momentum Oscillator (20):	26.64
Repulse (5,40,3):	-0.5600
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	4.76

MA7:	2,061.07
MA20:	2,035.61
MA50:	2,008.87
MA100:	1,957.46
MAexp7:	2,060.11
MAexp20:	2,041.54
MAexp50:	2,009.59
MAexp100:	1,980.63
Price / MA7:	+0.05%
Price / MA20:	+1.31%
Price / MA50:	+2.65%
Price / MA100:	+5.35%
Price / MAexp7:	+0.10%
Price / MAexp20:	+1.01%
Price / MAexp50:	+2.62%
Price / MAexp100:	+4.12%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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