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 07/06/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 2,360.76 USD

My targets

2,426.21 USD (+1.46%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,360.76 USD, you could try to benefit from the boom. The first bullish objective is located at 2,426.21 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.

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

Additional analysis

Quotes

The GOLD - USD price is 2,391.37 USD. The price has increased by +1.47% since the last closing and was between 2,348.61 USD and 2,392.98 USD. This implies that the price is at +1.82% from its lowest and at -0.07% from its highest.

2,348.61

2,392.98

2,391.37

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 study of the highest / lowest by the Central Records scanner shows the following results:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows a strongly overall bullish trend. 89.29% 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, 15 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 these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,183.68	2,291.38	2,360.76	2,391.37	2,426.21
Change (%)	-8.68%	-4.18%	-1.28%	-	+1.46%
Change	-207.69	-99.99	-30.61	-	+34.84
Level	Minor	Major	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	2,317.96	2,333.28	2,362.33	2,377.65	2,406.70	2,422.02	2,451.07
Camarilla	2,379.17	2,383.24	2,387.30	2,391.37	2,395.44	2,399.51	2,403.57
Woodie	2,324.82	2,336.71	2,369.19	2,381.08	2,413.56	2,425.45	2,457.93
Fibonacci	2,333.28	2,350.23	2,360.70	2,377.65	2,394.60	2,405.07	2,422.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,267.84	2,293.19	2,342.28	2,367.63	2,416.72	2,442.07	2,491.16
Camarilla	2,370.90	2,377.72	2,384.55	2,391.37	2,398.19	2,405.02	2,411.84
Woodie	2,279.71	2,299.13	2,354.15	2,373.57	2,428.59	2,448.01	2,503.03
Fibonacci	2,293.19	2,321.63	2,339.19	2,367.63	2,396.07	2,413.63	2,442.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,178.80	2,232.79	2,279.78	2,333.77	2,380.76	2,434.75	2,481.74
Camarilla	2,299.00	2,308.26	2,317.51	2,326.77	2,336.03	2,345.28	2,354.54
Woodie	2,175.30	2,231.04	2,276.28	2,332.02	2,377.26	2,433.00	2,478.24
Fibonacci	2,232.79	2,271.36	2,295.20	2,333.77	2,372.34	2,396.18	2,434.75

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):	61.60
MACD (12,26,9):	5.9400
Directional Movement:	13.64
AROON (14):	50.00
DEMA (21):	2,344.76
Parabolic SAR (0,02-0,02-0,2):	2,293.72
Elder Ray (13):	27.38
Super Trend (3,10):	2,402.93
Zig ZAG (10):	2,391.37
VORTEX (21):	0.9900
Stochastique (14,3,5):	89.74
TEMA (21):	2,348.76
Williams %R (14):	-1.62
Chande Momentum Oscillator (20):	61.94
Repulse (5,40,3):	2.8400
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	1.97

MA7:	2,346.30
MA20:	2,330.73
MA50:	2,340.67
MA100:	2,273.44
MAexp7:	2,353.13
MAexp20:	2,339.90
MAexp50:	2,325.18
MAexp100:	2,270.43
Price / MA7:	+1.92%
Price / MA20:	+2.60%
Price / MA50:	+2.17%
Price / MA100:	+5.19%
Price / MAexp7:	+1.63%
Price / MAexp20:	+2.20%
Price / MAexp50:	+2.85%
Price / MAexp100:	+5.33%

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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