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 01/03/2025 (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

56%

11%

33%

My opinion

Bullish above 2,561.66 USD

My targets

2,672.68 USD (+1.00%)

2,718.86 USD (+2.74%)

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 2,561.66 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 2,718.86 USD. Then 2,785.43 USD by extension. Be careful, a return below 2,561.66 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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 2,646.31 USD. On the day, this instrument lost -0.46% and was between 2,643.49 USD and 2,665.33 USD. This implies that the price is at +0.11% from its lowest and at -0.71% from its highest.

2,643.49

2,665.33

2,646.31

Here is a more detailed summary of the historical variations registered by GOLD - USD:

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

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. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages 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

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

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	R3
ProTrendLines	2,362.07	2,561.66	2,633.87	2,646.31	2,672.68	2,718.86	2,785.43
Change (%)	-10.74%	-3.20%	-0.47%	-	+1.00%	+2.74%	+5.26%
Change	-284.24	-84.65	-12.44	-	+26.37	+72.55	+139.12
Level	Minor	Intermediate	Minor	-	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
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):	52.13
MACD (12,26,9):	-4.6100
Directional Movement:	3.36
AROON (14):	-21.43
DEMA (21):	2,628.27
Parabolic SAR (0,02-0,02-0,2):	2,697.79
Elder Ray (13):	21.05
Super Trend (3,10):	2,581.02
Zig ZAG (10):	2,648.42
VORTEX (21):	1.0200
Stochastique (14,3,5):	58.09
TEMA (21):	2,628.03
Williams %R (14):	-21.45
Chande Momentum Oscillator (20):	-0.29
Repulse (5,40,3):	0.6100
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	2.17

MA7:	2,630.40
MA20:	2,639.64
MA50:	2,656.26
MA100:	2,625.47
MAexp7:	2,635.06
MAexp20:	2,635.65
MAexp50:	2,638.04
MAexp100:	2,597.41
Price / MA7:	+0.60%
Price / MA20:	+0.25%
Price / MA50:	-0.37%
Price / MA100:	+0.79%
Price / MAexp7:	+0.43%
Price / MAexp20:	+0.40%
Price / MAexp50:	+0.31%
Price / MAexp100:	+1.88%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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