GOLD - USD

6.37 USD (-0.62%)

03/24/2025 - 19:59 Closed Real time data - Gold & Silver Spot

Open:	6.52
Change:	-0.04
Volume:	151,018

Low:	6.20
High:	6.52
High / Low range:	0.32

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 01/03/2025 (GMT)

134
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01/03/2025 - 11:54
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Timeframe : Daily
- Analysis generated on 01/03/2025 - 11:54
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

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

6.4

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

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:

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:

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:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these 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:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	2,596.27	2,609.56	2,634.02	2,647.31	2,671.77	2,685.06	2,709.52
Camarilla	2,648.10	2,651.56	2,655.02	2,658.48	2,661.94	2,665.40	2,668.86
Woodie	2,601.86	2,612.35	2,639.61	2,650.10	2,677.36	2,687.85	2,715.11
Fibonacci	2,609.56	2,623.98	2,632.89	2,647.31	2,661.73	2,670.64	2,685.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,573.86	2,591.02	2,604.86	2,622.02	2,635.86	2,653.02	2,666.86
Camarilla	2,610.19	2,613.03	2,615.87	2,618.71	2,621.55	2,624.39	2,627.24
Woodie	2,572.21	2,590.19	2,603.21	2,621.19	2,634.21	2,652.19	2,665.21
Fibonacci	2,591.02	2,602.86	2,610.18	2,622.02	2,633.86	2,641.18	2,653.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,419.53	2,501.39	2,562.59	2,644.45	2,705.65	2,787.51	2,848.71
Camarilla	2,584.46	2,597.57	2,610.69	2,623.80	2,636.91	2,650.03	2,663.14
Woodie	2,409.21	2,496.23	2,552.27	2,639.29	2,695.33	2,782.35	2,838.39
Fibonacci	2,501.39	2,556.04	2,589.80	2,644.45	2,699.10	2,732.86	2,787.51

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 : 01/03/2025 - 11:54 - 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:

01/02/2025 - 22:02 XAU/USD Price Forecast Today, Technical Analysis (January 02): Gold Rises to Challenge Resistance
01/02/2025 - 16:14 Gold Price Forecast - Can Gold Shine Again? (January 3, 2025)
01/02/2025 - 14:37 XAU/USD Price Forecast Today, Technical Analysis (January 02): Gold Rallies a Bit on Thursday
01/01/2025 - 13:29 Gold and Silver Price Forecast 2025: Q1 Outlook & Trends | What’s Next for #XAUUSD & #XAGUSD?
12/31/2024 - 21:35 XAU/USD Price Forecast Today, Technical Analysis (December 31): Gold Remains Stuck

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

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