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 09/29/2024 (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

72%

22%

My opinion

Bullish above 2,568.53 USD

My targets

2,735.93 USD (+2.92%)

My analysis

GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,568.53 USD. The next resistance located at 2,735.93 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Additional analysis

Quotes

GOLD - USD rating 2,658.31 USD. The price registered a decrease of -0.54% on the session and was traded between 2,643.14 USD and 2,674.34 USD over the period. The price is currently at +0.57% from its lowest and -0.60% from its highest.

2,643.14

2,674.34

2,658.31

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

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:

The Central Records scanner for higher/lower results shows the following items:

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 Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. 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.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,294.05	2,362.07	2,525.34	2,658.31
Change (%)	-13.70%	-11.14%	-5.00%	-
Change	-364.26	-296.24	-132.97	-
Level	Intermediate	Minor	Minor	-

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	2,611.65	2,627.40	2,642.85	2,658.60	2,674.05	2,689.80	2,705.25
Camarilla	2,649.73	2,652.59	2,655.45	2,658.31	2,661.17	2,664.03	2,666.89
Woodie	2,611.51	2,627.33	2,642.71	2,658.53	2,673.91	2,689.73	2,705.11
Fibonacci	2,627.40	2,639.32	2,646.68	2,658.60	2,670.52	2,677.88	2,689.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,547.89	2,580.89	2,619.60	2,652.60	2,691.31	2,724.31	2,763.02
Camarilla	2,638.59	2,645.16	2,651.74	2,658.31	2,664.88	2,671.46	2,678.03
Woodie	2,550.75	2,582.32	2,622.46	2,654.03	2,694.17	2,725.74	2,765.88
Fibonacci	2,580.89	2,608.28	2,625.21	2,652.60	2,679.99	2,696.92	2,724.31

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):	72.01
MACD (12,26,9):	47.1500
Directional Movement:	17.89
AROON (14):	92.86
DEMA (21):	2,644.12
Parabolic SAR (0,02-0,02-0,2):	2,605.12
Elder Ray (13):	48.02
Super Trend (3,10):	2,573.85
Zig ZAG (10):	2,658.31
VORTEX (21):	1.2100
Stochastique (14,3,5):	90.37
TEMA (21):	2,662.40
Williams %R (14):	-14.72
Chande Momentum Oscillator (20):	146.32
Repulse (5,40,3):	0.6600
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	10.23

MA7:	2,640.24
MA20:	2,568.74
MA50:	2,498.70
MA100:	2,428.79
MAexp7:	2,639.19
MAexp20:	2,585.40
MAexp50:	2,515.49
MAexp100:	2,437.75
Price / MA7:	+0.68%
Price / MA20:	+3.49%
Price / MA50:	+6.39%
Price / MA100:	+9.45%
Price / MAexp7:	+0.72%
Price / MAexp20:	+2.82%
Price / MAexp50:	+5.68%
Price / MAexp100:	+9.05%

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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