GOLD - USD - Daily - Technical analysis published on 09/10/2024 (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
50%
22%
28%
My opinion
Bullish above 2,401.13 USD
My targets
2,525.34 USD (+0.94%)
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 2,401.13 USD. The buyers' bullish objective is set at 2,525.34 USD. A bullish break in this resistance would boost the bullish momentum. 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7
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This analysis was given by mubarak. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 2,501.91 USD. The price is lower by -0.20% since the last closing with the lowest point at 2,501.22 USD and the highest point at 2,507.57 USD. The deviation from the price is +0.03% for the low point and -0.23% for the high point.2,501.22
2,507.57
2,501.91
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD - USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 2,049.28 | 2,294.05 | 2,362.61 | 2,501.91 | 2,525.34 |
Change (%) | -18.09% | -8.31% | -5.57% | - | +0.94% |
Change | -452.63 | -207.86 | -139.30 | - | +23.43 |
Level | Major | Intermediate | Intermediate | - | 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 | 2,470.25 | 2,477.92 | 2,492.37 | 2,500.04 | 2,514.49 | 2,522.16 | 2,536.61 |
Camarilla | 2,500.73 | 2,502.76 | 2,504.78 | 2,506.81 | 2,508.84 | 2,510.87 | 2,512.89 |
Woodie | 2,473.63 | 2,479.62 | 2,495.75 | 2,501.74 | 2,517.87 | 2,523.86 | 2,539.99 |
Fibonacci | 2,477.92 | 2,486.37 | 2,491.59 | 2,500.04 | 2,508.49 | 2,513.71 | 2,522.16 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,412.37 | 2,442.13 | 2,469.76 | 2,499.52 | 2,527.15 | 2,556.91 | 2,584.54 |
Camarilla | 2,481.61 | 2,486.87 | 2,492.13 | 2,497.39 | 2,502.65 | 2,507.91 | 2,513.17 |
Woodie | 2,411.31 | 2,441.60 | 2,468.70 | 2,498.99 | 2,526.09 | 2,556.38 | 2,583.48 |
Fibonacci | 2,442.13 | 2,464.05 | 2,477.60 | 2,499.52 | 2,521.44 | 2,534.99 | 2,556.91 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,233.73 | 2,299.04 | 2,401.13 | 2,466.44 | 2,568.53 | 2,633.84 | 2,735.93 |
Camarilla | 2,457.20 | 2,472.54 | 2,487.89 | 2,503.23 | 2,518.58 | 2,533.92 | 2,549.27 |
Woodie | 2,252.13 | 2,308.24 | 2,419.53 | 2,475.64 | 2,586.93 | 2,643.04 | 2,754.33 |
Fibonacci | 2,299.04 | 2,362.98 | 2,402.49 | 2,466.44 | 2,530.38 | 2,569.89 | 2,633.84 |
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): | 55.64 | |
MACD (12,26,9): | 17.8700 | |
Directional Movement: | 1.08 | |
AROON (14): | 78.57 | |
DEMA (21): | 2,518.53 | |
Parabolic SAR (0,02-0,02-0,2): | 2,474.16 | |
Elder Ray (13): | 4.21 | |
Super Trend (3,10): | 2,417.10 | |
Zig ZAG (10): | 2,501.73 | |
VORTEX (21): | 1.1200 | |
Stochastique (14,3,5): | 52.58 | |
TEMA (21): | 2,514.07 | |
Williams %R (14): | -47.25 | |
Chande Momentum Oscillator (20): | -9.92 | |
Repulse (5,40,3): | 0.1600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1400 | |
Courbe Coppock: | 0.64 |
MA7: | 2,501.37 | |
MA20: | 2,501.15 | |
MA50: | 2,446.03 | |
MA100: | 2,392.11 | |
MAexp7: | 2,503.35 | |
MAexp20: | 2,491.95 | |
MAexp50: | 2,450.19 | |
MAexp100: | 2,386.75 | |
Price / MA7: | +0.02% | |
Price / MA20: | +0.03% | |
Price / MA50: | +2.28% | |
Price / MA100: | +4.59% | |
Price / MAexp7: | -0.06% | |
Price / MAexp20: | +0.40% | |
Price / MAexp50: | +2.11% | |
Price / MAexp100: | +4.82% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The last news published on GOLD - USD at the time of the generation of this analysis was as follows:
- Gold Forecast September 10, 2024
- Gold, Continues to See Buyers: XAU/USD Technical Analysis by Chris Lewis for FX Empire (09/09)
- Gold Continues to See Buyers: XAU/USD Forecast & Technical Analysis by Chris Lewis (September 9)
- Paris 2024 Paralympics draws to a close with ParalympicsGB winning 49 gold medals
- Gold Star father Khizr Khan endorses Kamala Harris for president
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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