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 01/03/2025 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2,633.87 USD
My targets
2,718.86 USD (+2.32%)
2,785.43 USD (+4.82%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GOLD - USD. This is a positive signal for buyers. As long as the price remains above 2,633.87 USD, a purchase could be considered. The first bullish objective is located at 2,718.86 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. In the event of a return below 2,633.87 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4

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.

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 2,657.30 USD. On the day, this instrument lost -0.04% with the lowest point at 2,649.86 USD and the highest point at 2,665.33 USD. The deviation from the price is +0.28% for the low point and -0.30% for the high point.

2,649.86
2,665.33
2,657.30

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a 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 bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily



In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,362.07 2,561.66 2,633.87 2,657.30 2,672.68 2,718.86 2,785.43
Change (%) -11.11% -3.60% -0.88% - +0.58% +2.32% +4.82%
Change -295.23 -95.64 -23.43 - +15.38 +61.56 +128.13
Level Minor Intermediate Minor - Minor Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,596.272,609.562,634.022,647.312,671.772,685.062,709.52
Camarilla2,648.102,651.562,655.022,658.482,661.942,665.402,668.86
Woodie2,601.862,612.352,639.612,650.102,677.362,687.852,715.11
Fibonacci2,609.562,623.982,632.892,647.312,661.732,670.642,685.06


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): 54.44
MACD (12,26,9): -3.8300
Directional Movement: 3.40
AROON (14): -21.43
DEMA (21): 2,629.97
Parabolic SAR (0,02-0,02-0,2): 2,697.79
Elder Ray (13): 22.81
Super Trend (3,10): 2,581.02
Zig ZAG (10): 2,657.51
VORTEX (21): 1.0200
Stochastique (14,3,5): 62.45
TEMA (21): 2,630.38
Williams %R (14): -9.75
Chande Momentum Oscillator (20): 9.80
Repulse (5,40,3): 1.1300
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 2.02
MA7: 2,631.66
MA20: 2,640.11
MA50: 2,656.45
MA100: 2,625.57
MAexp7: 2,637.28
MAexp20: 2,636.65
MAexp50: 2,638.41
MAexp100: 2,597.61
Price / MA7: +0.97%
Price / MA20: +0.65%
Price / MA50: +0.03%
Price / MA100: +1.21%
Price / MAexp7: +0.76%
Price / MAexp20: +0.78%
Price / MAexp50: +0.72%
Price / MAexp100: +2.30%

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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