GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

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

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 . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . 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, 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 philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,653.70 USD. On the day, this instrument gained +0.16% and was traded between 2,638.12 USD and 2,656.81 USD over the period. The price is currently at +0.59% from its lowest and -0.12% from its highest.

2,638.12

2,656.81

2,653.70

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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

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 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 scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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	2,653.70	2,672.68
Change (%)	-22.78%	-13.55%	-4.84%	-	+0.72%
Change	-604.42	-359.65	-128.36	-	+18.98
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.85
MACD (12,26,9):	26.0400
Directional Movement:	9.35
AROON (14):	-71.43
DEMA (21):	2,664.58
Parabolic SAR (0,02-0,02-0,2):	2,666.86
Elder Ray (13):	9.14
Super Trend (3,10):	2,573.85
Zig ZAG (10):	2,649.96
VORTEX (21):	1.0900
Stochastique (14,3,5):	59.97
TEMA (21):	2,657.97
Williams %R (14):	-42.95
Chande Momentum Oscillator (20):	-8.27
Repulse (5,40,3):	0.5200
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	1.00

MA7:	2,637.85
MA20:	2,638.47
MA50:	2,555.92
MA100:	2,461.20
MAexp7:	2,644.41
MAexp20:	2,625.93
MAexp50:	2,564.37
MAexp100:	2,482.00
Price / MA7:	+0.60%
Price / MA20:	+0.58%
Price / MA50:	+3.83%
Price / MA100:	+7.82%
Price / MAexp7:	+0.35%
Price / MAexp20:	+1.06%
Price / MAexp50:	+3.48%
Price / MAexp100:	+6.92%

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.

About author

Londinia AI

Online

Overall rating :

15226

Number of analyses :

83416

Followers :

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…