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 05/06/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 2,202.75 USD

My targets

2,390.13 USD (+2.82%)

My analysis

The basic bullish trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2,202.75 USD. Crossing the first resistance at 2,390.13 USD would be a sign of a potential new surge in the price. Caution, a return to below 2,202.75 USD would be a sign of a consolidation phase in the short-term basic trend. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.9

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GOLD - USD rating is 2,324.58 USD. The price has increased by +1.04% since the last closing and was traded between 2,291.86 USD and 2,332.02 USD over the period. The price is currently at +1.43% from its lowest and -0.32% from its highest.

2,291.86

2,332.02

2,324.58

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

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

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1,988.41	2,049.28	2,183.68	2,324.58	2,336.02	2,390.13
Change (%)	-14.46%	-11.84%	-6.06%	-	+0.49%	+2.82%
Change	-336.17	-275.30	-140.90	-	+11.44	+65.55
Level	Major	Major	Minor	-	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,235.06	2,256.20	2,278.45	2,299.59	2,321.84	2,342.98	2,365.23
Camarilla	2,288.77	2,292.75	2,296.72	2,300.70	2,304.68	2,308.66	2,312.63
Woodie	2,235.62	2,256.48	2,279.01	2,299.87	2,322.40	2,343.26	2,365.79
Fibonacci	2,256.20	2,272.78	2,283.02	2,299.59	2,316.17	2,326.41	2,342.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,200.35	2,238.85	2,269.77	2,308.27	2,339.19	2,377.69	2,408.61
Camarilla	2,281.61	2,287.97	2,294.34	2,300.70	2,307.06	2,313.43	2,319.79
Woodie	2,196.57	2,236.96	2,265.99	2,306.38	2,335.41	2,375.80	2,404.83
Fibonacci	2,238.85	2,265.37	2,281.75	2,308.27	2,334.79	2,351.17	2,377.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,999.72	2,114.12	2,202.75	2,317.15	2,405.78	2,520.18	2,608.81
Camarilla	2,235.55	2,254.16	2,272.77	2,291.38	2,309.99	2,328.60	2,347.21
Woodie	1,986.84	2,107.68	2,189.87	2,310.71	2,392.90	2,513.74	2,595.93
Fibonacci	2,114.12	2,191.68	2,239.59	2,317.15	2,394.71	2,442.62	2,520.18

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):	54.71
MACD (12,26,9):	17.3000
Directional Movement:	1.45
AROON (14):	-71.43
DEMA (21):	2,347.11
Parabolic SAR (0,02-0,02-0,2):	2,349.33
Elder Ray (13):	-9.83
Super Trend (3,10):	2,265.09
Zig ZAG (10):	2,324.84
VORTEX (21):	1.0300
Stochastique (14,3,5):	22.13
TEMA (21):	2,322.60
Williams %R (14):	-66.99
Chande Momentum Oscillator (20):	-56.01
Repulse (5,40,3):	1.0200
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	4.17

MA7:	2,316.24
MA20:	2,341.68
MA50:	2,240.98
MA100:	2,137.05
MAexp7:	2,317.36
MAexp20:	2,315.52
MAexp50:	2,250.99
MAexp100:	2,170.43
Price / MA7:	+0.36%
Price / MA20:	-0.73%
Price / MA50:	+3.73%
Price / MA100:	+8.78%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.39%
Price / MAexp50:	+3.27%
Price / MAexp100:	+7.10%

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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