GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 10/15/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above

My targets

()

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. 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.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.4

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 2,649.84 USD. On the day, this instrument gained +0.01% and was traded between 2,638.12 USD and 2,656.81 USD over the period. The price is currently at +0.44% from its lowest and -0.26% from its highest.

2,638.12

2,656.81

2,649.84

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,049.28	2,294.05	2,525.34	2,649.84	2,672.68
Change (%)	-22.66%	-13.43%	-4.70%	-	+0.86%
Change	-600.56	-355.79	-124.50	-	+22.84
Level	Major	Intermediate	Minor	-	Major

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	2,615.85	2,629.52	2,639.51	2,653.18	2,663.17	2,676.84	2,686.83
Camarilla	2,642.98	2,645.15	2,647.32	2,649.49	2,651.66	2,653.83	2,656.00
Woodie	2,614.00	2,628.60	2,637.66	2,652.26	2,661.32	2,675.92	2,684.98
Fibonacci	2,629.52	2,638.56	2,644.15	2,653.18	2,662.22	2,667.81	2,676.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,562.32	2,582.79	2,620.52	2,640.99	2,678.72	2,699.19	2,736.92
Camarilla	2,642.24	2,647.57	2,652.91	2,658.24	2,663.58	2,668.91	2,674.25
Woodie	2,570.94	2,587.11	2,629.14	2,645.31	2,687.34	2,703.51	2,745.54
Fibonacci	2,582.79	2,605.03	2,618.76	2,640.99	2,663.23	2,676.96	2,699.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,296.16	2,384.02	2,509.87	2,597.73	2,723.58	2,811.44	2,937.29
Camarilla	2,576.94	2,596.53	2,616.12	2,635.71	2,655.30	2,674.89	2,694.48
Woodie	2,315.15	2,393.52	2,528.86	2,607.23	2,742.57	2,820.94	2,956.28
Fibonacci	2,384.02	2,465.66	2,516.10	2,597.73	2,679.37	2,729.81	2,811.44

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):	60.36
MACD (12,26,9):	26.2000
Directional Movement:	9.35
AROON (14):	-71.43
DEMA (21):	2,664.92
Parabolic SAR (0,02-0,02-0,2):	2,666.86
Elder Ray (13):	9.06
Super Trend (3,10):	2,573.85
Zig ZAG (10):	2,650.14
VORTEX (21):	1.0900
Stochastique (14,3,5):	59.96
TEMA (21):	2,657.97
Williams %R (14):	-42.95
Chande Momentum Oscillator (20):	-8.03
Repulse (5,40,3):	0.5300
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	1.00

MA7:	2,637.76
MA20:	2,638.57
MA50:	2,555.96
MA100:	2,461.22
MAexp7:	2,644.11
MAexp20:	2,626.09
MAexp50:	2,564.44
MAexp100:	2,482.03
Price / MA7:	+0.46%
Price / MA20:	+0.43%
Price / MA50:	+3.67%
Price / MA100:	+7.66%
Price / MAexp7:	+0.22%
Price / MAexp20:	+0.90%
Price / MAexp50:	+3.33%
Price / MAexp100:	+6.76%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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