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 10/31/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 2,672.68 USD

My targets

2,811.44 USD (+1.17%)

2,937.29 USD (+5.70%)

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 2,672.68 USD. The buyers' bullish objective is set at 2,811.44 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,937.29 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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 philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,778.83 USD. The price registered a decrease of -0.24% on the session with the lowest point at 2,773.38 USD and the highest point at 2,790.14 USD. The deviation from the price is +0.20% for the low point and -0.41% for the high point.

2,773.38

2,790.14

2,778.83

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

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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

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.

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,294.05	2,525.34	2,672.68	2,778.83
Change (%)	-17.45%	-9.12%	-3.82%	-
Change	-484.78	-253.49	-106.15	-
Level	Intermediate	Minor	Intermediate	-

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	2,755.18	2,763.07	2,774.25	2,782.14	2,793.32	2,801.21	2,812.39
Camarilla	2,780.19	2,781.93	2,783.68	2,785.43	2,787.18	2,788.93	2,790.67
Woodie	2,756.83	2,763.89	2,775.90	2,782.96	2,794.97	2,802.03	2,814.04
Fibonacci	2,763.07	2,770.36	2,774.86	2,782.14	2,789.43	2,793.93	2,801.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,669.21	2,689.02	2,718.89	2,738.70	2,768.57	2,788.38	2,818.25
Camarilla	2,735.11	2,739.66	2,744.22	2,748.77	2,753.32	2,757.88	2,762.43
Woodie	2,674.25	2,691.54	2,723.93	2,741.22	2,773.61	2,790.90	2,823.29
Fibonacci	2,689.02	2,707.99	2,719.72	2,738.70	2,757.67	2,769.40	2,788.38

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):	73.43
MACD (12,26,9):	45.3000
Directional Movement:	22.97
AROON (14):	100.00
DEMA (21):	2,770.09
Parabolic SAR (0,02-0,02-0,2):	2,724.62
Elder Ray (13):	46.90
Super Trend (3,10):	2,697.91
Zig ZAG (10):	2,780.53
VORTEX (21):	1.2100
Stochastique (14,3,5):	96.58
TEMA (21):	2,778.64
Williams %R (14):	-7.26
Chande Momentum Oscillator (20):	118.44
Repulse (5,40,3):	1.1900
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	8.63

MA7:	2,755.54
MA20:	2,698.80
MA50:	2,620.93
MA100:	2,510.14
MAexp7:	2,758.41
MAexp20:	2,711.26
MAexp50:	2,632.20
MAexp100:	2,536.70
Price / MA7:	+0.85%
Price / MA20:	+2.97%
Price / MA50:	+6.02%
Price / MA100:	+10.70%
Price / MAexp7:	+0.74%
Price / MAexp20:	+2.49%
Price / MAexp50:	+5.57%
Price / MAexp100:	+9.55%

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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