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GOLD - USD
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 12/11/2024 (GMT)

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Londinia
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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
83%
0%
17%
My opinion
Bullish above 2,561.40 USD
My targets
2,716.43 USD (+0.79%)
2,785.43 USD (+3.35%)
My analysis
The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 2,561.40 USD, you could try to benefit from the boom. The first bullish objective is located at 2,716.43 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,785.43 USD as an objective. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4

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.

citytraderuk
This analysis was given by citytraderuk. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

GOLD - USD rating 2,695.02 USD. The price is lower by -0.03% since the last closing with the lowest point at 2,676.10 USD and the highest point at 2,704.52 USD. The deviation from the price is +0.71% for the low point and -0.35% for the high point.

2,676.10
2,704.52
2,695.02

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.

Central Gaps

Bullish opening

Type : Bullish

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:

Central Records

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 a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 2,294.05 2,362.07 2,561.40 2,695.02 2,716.43 2,785.43
Change (%) -14.88% -12.35% -4.96% - +0.79% +3.35%
Change -400.97 -332.95 -133.62 - +21.41 +90.41
Level Intermediate Minor Minor - Intermediate 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
Standard2,629.172,643.552,669.732,684.112,710.292,724.672,750.85
Camarilla2,684.762,688.472,692.192,695.912,699.632,703.352,707.06
Woodie2,635.072,646.502,675.632,687.062,716.192,727.622,756.75
Fibonacci2,643.552,659.042,668.622,684.112,699.602,709.182,724.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,556.872,585.212,610.042,638.382,663.212,691.552,716.38
Camarilla2,620.262,625.132,630.012,634.882,639.752,644.632,649.50
Woodie2,555.132,584.332,608.302,637.502,661.472,690.672,714.64
Fibonacci2,585.212,605.522,618.072,638.382,658.692,671.242,691.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,311.932,424.402,537.332,649.802,762.732,875.202,988.13
Camarilla2,588.282,608.942,629.602,650.262,670.922,691.582,712.25
Woodie2,312.162,424.522,537.562,649.922,762.962,875.322,988.36
Fibonacci2,424.402,510.502,563.702,649.802,735.902,789.102,875.20

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): 56.68
MACD (12,26,9): 2.6600
Directional Movement: 4.84
AROON (14): 0
DEMA (21): 2,657.30
Parabolic SAR (0,02-0,02-0,2): 2,707.18
Elder Ray (13): 32.11
Super Trend (3,10): 2,577.68
Zig ZAG (10): 2,696.50
VORTEX (21): 1.1000
Stochastique (14,3,5): 66.97
TEMA (21): 2,659.45
Williams %R (14): -21.56
Chande Momentum Oscillator (20): 83.76
Repulse (5,40,3): 1.8200
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 2.52
MA7: 2,659.43
MA20: 2,642.05
MA50: 2,670.12
MA100: 2,591.94
MAexp7: 2,667.15
MAexp20: 2,656.57
MAexp50: 2,644.68
MAexp100: 2,585.43
Price / MA7: +1.34%
Price / MA20: +2.00%
Price / MA50: +0.93%
Price / MA100: +3.98%
Price / MAexp7: +1.04%
Price / MAexp20: +1.45%
Price / MAexp50: +1.90%
Price / MAexp100: +4.24%

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
Londinia AI

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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…

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