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 04/02/2025 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 3,035.23 USD

My targets

3,213.51 USD (+2.58%)

3,306.34 USD (+5.54%)

My analysis

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 3,035.23 USD, you could try to benefit from the boom. The first bullish objective is located at 3,213.51 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,306.34 USD as an objective. Crossing it would then enable buyers to target 3,484.62 USD. 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, 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

8.6

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

Additional analysis

Quotes

The GOLD - USD rating is 3,132.72 USD. The price has increased by +0.56% since the last closing with the lowest point at 3,113.07 USD and the highest point at 3,135.51 USD. The deviation from the price is +0.63% for the low point and -0.09% for the high point.

3,113.07

3,135.51

3,132.72

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in Daily of this GOLD - USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

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 (Daily)

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point (Daily)

Type : Bullish

Timeframe : Daily

Pivot points : price is over resistance 1 (Weekly)

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1 (Monthly)

Type : Neutral

Timeframe : Daily

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,718.86	2,785.43	2,950.03	3,132.72
Change (%)	-13.21%	-11.09%	-5.83%	-
Change	-413.86	-347.29	-182.69	-
Level	Major	Minor	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,046.40	3,073.68	3,094.49	3,121.77	3,142.58	3,169.86	3,190.67
Camarilla	3,102.09	3,106.49	3,110.90	3,115.31	3,119.72	3,124.13	3,128.54
Woodie	3,043.18	3,072.06	3,091.27	3,120.15	3,139.36	3,168.24	3,187.45
Fibonacci	3,073.68	3,092.05	3,103.40	3,121.77	3,140.14	3,151.49	3,169.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,945.84	2,974.16	3,030.26	3,058.58	3,114.68	3,143.00	3,199.10
Camarilla	3,063.15	3,070.88	3,078.62	3,086.36	3,094.10	3,101.84	3,109.58
Woodie	2,959.73	2,981.11	3,044.15	3,065.53	3,128.57	3,149.95	3,212.99
Fibonacci	2,974.16	3,006.41	3,026.33	3,058.58	3,090.83	3,110.75	3,143.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,671.29	2,764.12	2,942.40	3,035.23	3,213.51	3,306.34	3,484.62
Camarilla	3,046.14	3,070.99	3,095.84	3,120.69	3,145.54	3,170.39	3,195.25
Woodie	2,714.03	2,785.48	2,985.14	3,056.59	3,256.25	3,327.70	3,527.36
Fibonacci	2,764.12	2,867.68	2,931.66	3,035.23	3,138.79	3,202.77	3,306.34

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	75.94
MACD (12,26,9):	56.5200
Directional Movement:	28.02
AROON (14):	92.86
DEMA (21):	3,098.30
Parabolic SAR (0,02-0,02-0,2):	3,060.20
Elder Ray (13):	68.21
Super Trend (3,10):	3,016.12
Zig ZAG (10):	3,131.10
VORTEX (21):	1.3100
Stochastique (14,3,5):	90.21
TEMA (21):	3,113.12
Williams %R (14):	-10.61
Chande Momentum Oscillator (20):	131.18
Repulse (5,40,3):	1.6100
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	9.23

MA7:	3,078.89
MA20:	3,012.05
MA50:	2,926.01
MA100:	2,787.52
MAexp7:	3,088.84
MAexp20:	3,026.30
MAexp50:	2,932.78
MAexp100:	2,830.28
Price / MA7:	+1.75%
Price / MA20:	+4.01%
Price / MA50:	+7.06%
Price / MA100:	+12.38%
Price / MAexp7:	+1.42%
Price / MAexp20:	+3.51%
Price / MAexp50:	+6.82%
Price / MAexp100:	+10.68%

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.

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