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 09/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2,568.53 USD

My targets

2,735.93 USD (+3.99%)

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 2,568.53 USD. The buyers' bullish objective is set at 2,735.93 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 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

8.9

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

Additional analysis

Quotes

The GOLD - USD rating is 2,631.05 USD. On the day, this instrument gained +0.33% and was traded between 2,613.89 USD and 2,634.33 USD over the period. The price is currently at +0.66% from its lowest and -0.12% from its highest.

2,613.89

2,634.33

2,631.05

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:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,294.05	2,362.07	2,492.65	2,631.05
Change (%)	-12.81%	-10.22%	-5.26%	-
Change	-337.00	-268.98	-138.40	-
Level	Intermediate	Minor	Intermediate	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,555.28	2,570.04	2,596.26	2,611.02	2,637.24	2,652.00	2,678.22
Camarilla	2,611.21	2,614.97	2,618.72	2,622.48	2,626.24	2,629.99	2,633.75
Woodie	2,561.01	2,572.91	2,601.99	2,613.89	2,642.97	2,654.87	2,683.95
Fibonacci	2,570.04	2,585.69	2,595.37	2,611.02	2,626.67	2,636.35	2,652.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,492.21	2,519.59	2,571.03	2,598.41	2,649.85	2,677.23	2,728.67
Camarilla	2,600.81	2,608.03	2,615.26	2,622.48	2,629.71	2,636.93	2,644.16
Woodie	2,504.25	2,525.61	2,583.07	2,604.43	2,661.89	2,683.25	2,740.71
Fibonacci	2,519.59	2,549.70	2,568.30	2,598.41	2,628.52	2,647.12	2,677.23

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	72.37
MACD (12,26,9):	36.6900
Directional Movement:	13.94
AROON (14):	92.86
DEMA (21):	2,594.12
Parabolic SAR (0,02-0,02-0,2):	2,533.28
Elder Ray (13):	55.06
Super Trend (3,10):	2,525.71
Zig ZAG (10):	2,628.64
VORTEX (21):	1.2000
Stochastique (14,3,5):	95.30
TEMA (21):	2,605.84
Williams %R (14):	-1.48
Chande Momentum Oscillator (20):	112.01
Repulse (5,40,3):	2.0700
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	6.73

MA7:	2,590.75
MA20:	2,539.39
MA50:	2,481.29
MA100:	2,415.70
MAexp7:	2,591.07
MAexp20:	2,548.09
MAexp50:	2,490.24
MAexp100:	2,418.95
Price / MA7:	+1.56%
Price / MA20:	+3.61%
Price / MA50:	+6.04%
Price / MA100:	+8.91%
Price / MAexp7:	+1.54%
Price / MAexp20:	+3.26%
Price / MAexp50:	+5.66%
Price / MAexp100:	+8.77%

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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