GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - 15 min. - Technical analysis published on 08/01/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 2,433.56 USD

My targets

2,463.20 USD (+0.51%)

2,480.61 USD (+1.22%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,433.56 USD, you could try to benefit from the boom. The first bullish objective is located at 2,463.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,480.61 USD as an objective. Crossing it would then enable buyers to target 2,510.25 USD. 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

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

Additional analysis

Quotes

The GOLD - USD price is 2,450.81 USD. The price registered an increase of +0.21% on the session and was between 2,445.31 USD and 2,458.44 USD. This implies that the price is at +0.22% from its lowest and at -0.31% from its highest.

2,445.31

2,458.44

2,450.81

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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 15 min. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,383.69	2,403.42	2,426.21	2,450.81	2,468.36
Change (%)	-2.74%	-1.93%	-1.00%	-	+0.72%
Change	-67.12	-47.39	-24.60	-	+17.55
Level	Intermediate	Intermediate	Major	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,369.10	2,386.51	2,416.15	2,433.56	2,463.20	2,480.61	2,510.25
Camarilla	2,432.86	2,437.17	2,441.49	2,445.80	2,450.11	2,454.43	2,458.74
Woodie	2,375.23	2,389.57	2,422.28	2,436.62	2,469.33	2,483.67	2,516.38
Fibonacci	2,386.51	2,404.48	2,415.58	2,433.56	2,451.53	2,462.63	2,480.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,270.12	2,311.63	2,349.02	2,390.53	2,427.92	2,469.43	2,506.82
Camarilla	2,364.71	2,371.95	2,379.18	2,386.41	2,393.64	2,400.88	2,408.11
Woodie	2,268.06	2,310.60	2,346.96	2,389.50	2,425.86	2,468.40	2,504.76
Fibonacci	2,311.63	2,341.77	2,360.39	2,390.53	2,420.67	2,439.29	2,469.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,183.11	2,250.83	2,348.31	2,416.03	2,513.51	2,581.23	2,678.71
Camarilla	2,400.37	2,415.51	2,430.66	2,445.80	2,460.94	2,476.09	2,491.23
Woodie	2,198.00	2,258.27	2,363.20	2,423.47	2,528.40	2,588.67	2,693.60
Fibonacci	2,250.83	2,313.93	2,352.92	2,416.03	2,479.13	2,518.12	2,581.23

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):	72.55
MACD (12,26,9):	4.6600
Directional Movement:	28.72
AROON (14):	57.15
DEMA (21):	2,453.21
Parabolic SAR (0,02-0,02-0,2):	2,445.55
Elder Ray (13):	6.20
Super Trend (3,10):	2,444.60
Zig ZAG (10):	2,452.69
VORTEX (21):	1.1900
Stochastique (14,3,5):	87.39
TEMA (21):	2,453.70
Williams %R (14):	-22.37
Chande Momentum Oscillator (20):	7.72
Repulse (5,40,3):	0.2800
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.25

MA7:	2,405.59
MA20:	2,408.03
MA50:	2,362.93
MA100:	2,335.04
MAexp7:	2,451.76
MAexp20:	2,447.03
MAexp50:	2,438.14
MAexp100:	2,427.99
Price / MA7:	+1.88%
Price / MA20:	+1.78%
Price / MA50:	+3.72%
Price / MA100:	+4.96%
Price / MAexp7:	-0.04%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.52%
Price / MAexp100:	+0.94%

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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