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 09/11/2024 (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

39%

22%

39%

My opinion

Bullish above 2,466.44 USD

My targets

2,568.53 USD (+2.45%)

2,633.84 USD (+5.06%)

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 2,466.44 USD. The buyers' bullish objective is set at 2,568.53 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,633.84 USD. If there is any crossing, the next objective would be the resistance located at 2,735.93 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 are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.6

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,507.09 USD. On the day, this instrument lost -0.46% and was traded between 2,502.24 USD and 2,529.07 USD over the period. The price is currently at +0.19% from its lowest and -0.87% from its highest.

2,502.24

2,529.07

2,507.09

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GOLD - USD chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

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 presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,049.28	2,294.05	2,362.61	2,507.09	2,525.34
Change (%)	-18.26%	-8.50%	-5.76%	-	+0.73%
Change	-457.81	-213.04	-144.48	-	+18.25
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	2,487.57	2,493.87	2,506.30	2,512.60	2,525.03	2,531.33	2,543.76
Camarilla	2,513.58	2,515.30	2,517.01	2,518.73	2,520.45	2,522.16	2,523.88
Woodie	2,490.64	2,495.40	2,509.37	2,514.13	2,528.10	2,532.86	2,546.83
Fibonacci	2,493.87	2,501.03	2,505.45	2,512.60	2,519.76	2,524.18	2,531.33

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.52
MACD (12,26,9):	18.1700
Directional Movement:	5.66
AROON (14):	78.57
DEMA (21):	2,521.78
Parabolic SAR (0,02-0,02-0,2):	2,475.26
Elder Ray (13):	11.95
Super Trend (3,10):	2,425.51
Zig ZAG (10):	2,509.86
VORTEX (21):	1.0700
Stochastique (14,3,5):	69.97
TEMA (21):	2,517.87
Williams %R (14):	-34.64
Chande Momentum Oscillator (20):	-6.23
Repulse (5,40,3):	0.2400
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	0.59

MA7:	2,505.64
MA20:	2,504.87
MA50:	2,449.32
MA100:	2,394.19
MAexp7:	2,508.26
MAexp20:	2,494.93
MAexp50:	2,453.09
MAexp100:	2,389.50
Price / MA7:	+0.06%
Price / MA20:	+0.09%
Price / MA50:	+2.36%
Price / MA100:	+4.72%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.49%
Price / MAexp50:	+2.20%
Price / MAexp100:	+4.92%

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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