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 05/01/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 2,202.75 USD

My targets

2,390.13 USD (+4.10%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2,202.75 USD remains possible. It is advisable to trade GOLD - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2,202.75 USD. The next bullish objective for buyers is set at 2,390.13 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 2,202.75 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.6

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

Additional analysis

Quotes

GOLD - USD rating 2,295.89 USD. The price has increased by +0.20% since the last closing with the lowest point at 2,281.63 USD and the highest point at 2,298.75 USD. The deviation from the price is +0.62% for the low point and -0.12% for the high point.

2,281.63

2,298.75

2,295.89

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GOLD - USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1,988.41	2,049.28	2,157.06	2,295.89	2,390.13
Change (%)	-13.39%	-10.74%	-6.05%	-	+4.10%
Change	-307.48	-246.61	-138.83	-	+94.24
Level	Major	Major	Minor	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,221.26	2,253.22	2,272.30	2,304.26	2,323.34	2,355.30	2,374.38
Camarilla	2,277.34	2,282.02	2,286.70	2,291.38	2,296.06	2,300.74	2,305.42
Woodie	2,214.82	2,250.00	2,265.86	2,301.04	2,316.90	2,352.08	2,367.94
Fibonacci	2,253.22	2,272.72	2,284.76	2,304.26	2,323.76	2,335.80	2,355.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,187.28	2,239.38	2,287.70	2,339.80	2,388.12	2,440.22	2,488.54
Camarilla	2,308.41	2,317.61	2,326.82	2,336.02	2,345.23	2,354.43	2,363.64
Woodie	2,185.39	2,238.44	2,285.81	2,338.86	2,386.23	2,439.28	2,486.65
Fibonacci	2,239.38	2,277.74	2,301.44	2,339.80	2,378.16	2,401.86	2,440.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,999.72	2,114.12	2,202.75	2,317.15	2,405.78	2,520.18	2,608.81
Camarilla	2,235.55	2,254.16	2,272.77	2,291.38	2,309.99	2,328.60	2,347.21
Woodie	1,986.84	2,107.68	2,189.87	2,310.71	2,392.90	2,513.74	2,595.93
Fibonacci	2,114.12	2,191.68	2,239.59	2,317.15	2,394.71	2,442.62	2,520.18

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):	49.35
MACD (12,26,9):	23.5300
Directional Movement:	1.07
AROON (14):	-92.86
DEMA (21):	2,355.44
Parabolic SAR (0,02-0,02-0,2):	2,377.33
Elder Ray (13):	-33.80
Super Trend (3,10):	2,265.09
Zig ZAG (10):	2,295.68
VORTEX (21):	1.0400
Stochastique (14,3,5):	14.31
TEMA (21):	2,333.76
Williams %R (14):	-90.33
Chande Momentum Oscillator (20):	-86.01
Repulse (5,40,3):	-1.2200
ROCnROLL:	-1
TRIX (15,9):	0.2600
Courbe Coppock:	1.93

MA7:	2,318.08
MA20:	2,341.39
MA50:	2,223.54
MA100:	2,127.44
MAexp7:	2,318.36
MAexp20:	2,314.53
MAexp50:	2,242.32
MAexp100:	2,161.29
Price / MA7:	-0.96%
Price / MA20:	-1.94%
Price / MA50:	+3.25%
Price / MA100:	+7.92%
Price / MAexp7:	-0.97%
Price / MAexp20:	-0.80%
Price / MAexp50:	+2.39%
Price / MAexp100:	+6.23%

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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