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 12/01/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 2,561.40 USD

My targets

2,672.68 USD (+0.85%)

2,785.43 USD (+5.10%)

My analysis

A bullish trend on GOLD - USD both in substance and in the short term. A purchase could be considered as long as the price remains above 2,561.40 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2,672.68 USD. Then the price could move towards 2,785.43 USD. Be careful, a return below 2,561.40 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.9

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 2,650.26 USD. The price registered an increase of +0.43% on the session with the lowest point at 2,634.07 USD and the highest point at 2,666.40 USD. The deviation from the price is +0.61% for the low point and -0.61% for the high point.

2,634.07

2,666.40

2,650.26

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

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:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,362.07	2,426.21	2,561.40	2,650.26	2,672.68	2,785.43
Change (%)	-10.87%	-8.45%	-3.35%	-	+0.85%	+5.10%
Change	-288.19	-224.05	-88.86	-	+22.42	+135.17
Level	Minor	Minor	Minor	-	Intermediate	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	2,601.76	2,617.91	2,634.09	2,650.24	2,666.42	2,682.57	2,698.75
Camarilla	2,641.37	2,644.33	2,647.30	2,650.26	2,653.22	2,656.19	2,659.15
Woodie	2,601.77	2,617.92	2,634.10	2,650.25	2,666.43	2,682.58	2,698.76
Fibonacci	2,617.91	2,630.26	2,637.89	2,650.24	2,662.59	2,670.22	2,682.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,480.50	2,542.89	2,596.57	2,658.96	2,712.64	2,775.03	2,828.71
Camarilla	2,618.34	2,628.98	2,639.62	2,650.26	2,660.90	2,671.54	2,682.18
Woodie	2,476.16	2,540.71	2,592.23	2,656.78	2,708.30	2,772.85	2,824.37
Fibonacci	2,542.89	2,587.23	2,614.62	2,658.96	2,703.30	2,730.69	2,775.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,449.76	2,526.52	2,636.63	2,713.39	2,823.50	2,900.26	3,010.37
Camarilla	2,695.36	2,712.49	2,729.62	2,746.75	2,763.88	2,781.01	2,798.14
Woodie	2,466.45	2,534.86	2,653.32	2,721.73	2,840.19	2,908.60	3,027.06
Fibonacci	2,526.52	2,597.90	2,642.00	2,713.39	2,784.77	2,828.87	2,900.26

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.63
MACD (12,26,9):	-8.5600
Directional Movement:	-1.35
AROON (14):	50.00
DEMA (21):	2,639.74
Parabolic SAR (0,02-0,02-0,2):	2,618.49
Elder Ray (13):	5.48
Super Trend (3,10):	2,574.83
Zig ZAG (10):	2,650.26
VORTEX (21):	0.8900
Stochastique (14,3,5):	57.02
TEMA (21):	2,624.61
Williams %R (14):	-38.53
Chande Momentum Oscillator (20):	79.38
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	1.29

MA7:	2,650.57
MA20:	2,645.79
MA50:	2,669.52
MA100:	2,573.35
MAexp7:	2,642.58
MAexp20:	2,650.21
MAexp50:	2,639.27
MAexp100:	2,573.09
Price / MA7:	-0.01%
Price / MA20:	+0.17%
Price / MA50:	-0.72%
Price / MA100:	+2.99%
Price / MAexp7:	+0.29%
Price / MAexp20:	+0.00%
Price / MAexp50:	+0.42%
Price / MAexp100:	+3.00%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

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

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