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 01/02/2025 (GMT)

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
50%
11%
39%
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 .

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
0
10
5.9

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GOLD - USD price is 2,660.29 USD. The price has increased by +1.39% since the last closing with the lowest point at 2,622.85 USD and the highest point at 2,660.60 USD. The deviation from the price is +1.43% for the low point and -0.01% for the high point.

2,622.85
2,660.60
2,660.29

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

Central Gaps

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:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this GOLD - USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,426.21 2,561.66 2,634.45 2,660.29 2,672.68 2,718.86 2,785.43
Change (%) -8.80% -3.71% -0.97% - +0.47% +2.20% +4.70%
Change -234.08 -98.63 -25.84 - +12.39 +58.57 +125.14
Level Minor Intermediate Intermediate - Minor Major Major



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
Standard2,617.482,619.622,621.732,623.872,625.982,628.122,630.23
Camarilla2,622.672,623.062,623.452,623.842,624.232,624.622,625.01
Woodie2,617.472,619.612,621.722,623.862,625.972,628.112,630.22
Fibonacci2,619.622,621.242,622.252,623.872,625.492,626.502,628.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,573.862,591.022,604.862,622.022,635.862,653.022,666.86
Camarilla2,610.192,613.032,615.872,618.712,621.552,624.392,627.24
Woodie2,572.212,590.192,603.212,621.192,634.212,652.192,665.21
Fibonacci2,591.022,602.862,610.182,622.022,633.862,641.182,653.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,419.532,501.392,562.592,644.452,705.652,787.512,848.71
Camarilla2,584.462,597.572,610.692,623.802,636.912,650.032,663.14
Woodie2,409.212,496.232,552.272,639.292,695.332,782.352,838.39
Fibonacci2,501.392,556.042,589.802,644.452,699.102,732.862,787.51

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): 54.27
MACD (12,26,9): -6.7100
Directional Movement: 2.42
AROON (14): -28.57
DEMA (21): 2,625.01
Parabolic SAR (0,02-0,02-0,2): 2,700.13
Elder Ray (13): 11.00
Super Trend (3,10): 2,581.02
Zig ZAG (10): 2,658.53
VORTEX (21): 0.9800
Stochastique (14,3,5): 41.43
TEMA (21): 2,622.90
Williams %R (14): -31.30
Chande Momentum Oscillator (20): 6.76
Repulse (5,40,3): 1.6800
ROCnROLL: 1
TRIX (15,9): -0.0500
Courbe Coppock: 3.10
MA7: 2,625.92
MA20: 2,638.84
MA50: 2,657.94
MA100: 2,623.55
MAexp7: 2,630.75
MAexp20: 2,634.22
MAexp50: 2,637.54
MAexp100: 2,596.36
Price / MA7: +1.31%
Price / MA20: +0.81%
Price / MA50: +0.09%
Price / MA100: +1.40%
Price / MAexp7: +1.12%
Price / MAexp20: +0.99%
Price / MAexp50: +0.86%
Price / MAexp100: +2.46%

Quotes : - Real time data - Gold & Silver Spot

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

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