GOLD - USD - Weekly - Technical analysis published on 04/14/2024 (GMT)
- 106
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above
My targets
()
My analysis
GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above . The next resistance located at is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.8
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This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 2,344.32 USD. Over 5 days, this instrument gained +0.84% and was traded between 2,319.41 USD and 2,431.55 USD over the period. The price is currently at +1.07% from its lowest point and -3.59% from its highest point.2,319.41
2,431.55
2,344.32
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this GOLD - USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 1,821.36 | 1,908.31 | 2,049.28 | 2,344.32 |
Change (%) | -22.31% | -18.60% | -12.59% | - |
Change | -522.96 | -436.01 | -295.04 | - |
Level | Intermediate | Minor | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,210.58 | 2,272.22 | 2,308.27 | 2,369.91 | 2,405.96 | 2,467.60 | 2,503.65 |
Camarilla | 2,317.46 | 2,326.41 | 2,335.37 | 2,344.32 | 2,353.28 | 2,362.23 | 2,371.19 |
Woodie | 2,197.79 | 2,265.82 | 2,295.48 | 2,363.51 | 2,393.17 | 2,461.20 | 2,490.86 |
Fibonacci | 2,272.22 | 2,309.54 | 2,332.59 | 2,369.91 | 2,407.23 | 2,430.28 | 2,467.60 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,156.81 | 2,192.67 | 2,258.76 | 2,294.62 | 2,360.71 | 2,396.57 | 2,462.66 |
Camarilla | 2,296.82 | 2,306.17 | 2,315.52 | 2,324.86 | 2,334.21 | 2,343.55 | 2,352.90 |
Woodie | 2,171.94 | 2,200.23 | 2,273.89 | 2,302.18 | 2,375.84 | 2,404.13 | 2,477.79 |
Fibonacci | 2,192.67 | 2,231.61 | 2,255.67 | 2,294.62 | 2,333.56 | 2,357.62 | 2,396.57 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,905.68 | 1,972.37 | 2,103.03 | 2,169.72 | 2,300.38 | 2,367.07 | 2,497.73 |
Camarilla | 2,179.41 | 2,197.50 | 2,215.59 | 2,233.68 | 2,251.77 | 2,269.86 | 2,287.95 |
Woodie | 1,937.66 | 1,988.36 | 2,135.01 | 2,185.71 | 2,332.36 | 2,383.06 | 2,529.71 |
Fibonacci | 1,972.37 | 2,047.76 | 2,094.34 | 2,169.72 | 2,245.11 | 2,291.69 | 2,367.07 |
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): | 78.56 | |
MACD (12,26,9): | 79.1400 | |
Directional Movement: | 39.02 | |
AROON (14): | 57.14 | |
DEMA (21): | 2,212.02 | |
Parabolic SAR (0,02-0,02-0,2): | 2,041.39 | |
Elder Ray (13): | 202.86 | |
Super Trend (3,10): | 2,154.01 | |
Zig ZAG (10): | 2,344.32 | |
VORTEX (21): | 1.2700 | |
Stochastique (14,3,5): | 92.60 | |
TEMA (21): | 2,259.88 | |
Williams %R (14): | -19.50 | |
Chande Momentum Oscillator (20): | 315.18 | |
Repulse (5,40,3): | 4.8600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3600 | |
Courbe Coppock: | 17.56 |
MA7: | 2,337.74 | |
MA20: | 2,249.86 | |
MA50: | 2,139.42 | |
MA100: | 2,085.96 | |
MAexp7: | 2,227.86 | |
MAexp20: | 2,120.15 | |
MAexp50: | 2,026.60 | |
MAexp100: | 1,950.39 | |
Price / MA7: | +0.28% | |
Price / MA20: | +4.20% | |
Price / MA50: | +9.58% | |
Price / MA100: | +12.39% | |
Price / MAexp7: | +5.23% | |
Price / MAexp20: | +10.57% | |
Price / MAexp50: | +15.68% | |
Price / MAexp100: | +20.20% |
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:
- CASHING IN GOLD: Olympics to start awarding money to track and field winners
- Gold Daily Forecast and Technical Analysis for April 11, 2024 by Bruce Powers, CMT, FX Empire
- Gold Long Term Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
- US Dollar, Gold on the Move Ahead of a UK Data-Focused Week
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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