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 10/25/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 1,778.85 USD

My targets

1,829.56 USD (+1.46%)

1,870.68 USD (+3.74%)

My analysis

GOLD - USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1,778.85 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1,829.56 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1,870.68 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1,909.31 USD. Beware of a possible return to under the support located at 1,778.85 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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

5.9

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

Additional analysis

Quotes

GOLD - USD rating 1,803.22 USD. The price has increased by +0.59% since the last closing and was between 1,792.27 USD and 1,804.75 USD. This implies that the price is at +0.61% from its lowest and at -0.08% from its highest.

1,792.27

1,804.75

1,803.22

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of GOLD - USD in Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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

Ichimoku : price is over the cloud

Type : Bullish

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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,683.99	1,727.61	1,778.85	1,803.22	1,829.56	1,870.68	1,909.31
Change (%)	-6.61%	-4.19%	-1.35%	-	+1.46%	+3.74%	+5.88%
Change	-119.23	-75.61	-24.37	-	+26.34	+67.46	+106.09
Level	Major	Intermediate	Major	-	Major	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	1,748.23	1,765.58	1,779.15	1,796.50	1,810.07	1,827.42	1,840.99
Camarilla	1,784.22	1,787.05	1,789.89	1,792.72	1,795.55	1,798.39	1,801.22
Woodie	1,746.34	1,764.64	1,777.26	1,795.56	1,808.18	1,826.48	1,839.10
Fibonacci	1,765.58	1,777.39	1,784.69	1,796.50	1,808.31	1,815.61	1,827.42

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,710.51	1,735.41	1,764.06	1,788.96	1,817.61	1,842.51	1,871.16
Camarilla	1,777.99	1,782.90	1,787.81	1,792.72	1,797.63	1,802.54	1,807.45
Woodie	1,712.40	1,736.35	1,765.95	1,789.90	1,819.50	1,843.45	1,873.05
Fibonacci	1,735.41	1,755.86	1,768.50	1,788.96	1,809.41	1,822.05	1,842.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,592.82	1,657.23	1,705.18	1,769.59	1,817.54	1,881.95	1,929.90
Camarilla	1,722.22	1,732.52	1,742.82	1,753.12	1,763.42	1,773.72	1,784.02
Woodie	1,584.58	1,653.12	1,696.94	1,765.48	1,809.30	1,877.84	1,921.66
Fibonacci	1,657.23	1,700.16	1,726.67	1,769.59	1,812.52	1,839.03	1,881.95

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):	61.07
MACD (12,26,9):	4.6200
Directional Movement:	12.24
AROON (14):	85.72
DEMA (21):	1,778.79
Parabolic SAR (0,02-0,02-0,2):	1,772.50
Elder Ray (13):	19.74
Super Trend (3,10):	1,803.96
Zig ZAG (10):	1,803.06
VORTEX (21):	1.1100
Stochastique (14,3,5):	74.28
TEMA (21):	1,787.89
Williams %R (14):	-16.30
Chande Momentum Oscillator (20):	47.53
Repulse (5,40,3):	0.7200
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	3.34

MA7:	1,780.32
MA20:	1,767.30
MA50:	1,780.28
MA100:	1,791.27
MAexp7:	1,785.75
MAexp20:	1,775.63
MAexp50:	1,778.70
MAexp100:	1,787.74
Price / MA7:	+1.29%
Price / MA20:	+2.03%
Price / MA50:	+1.29%
Price / MA100:	+0.67%
Price / MAexp7:	+0.98%
Price / MAexp20:	+1.55%
Price / MAexp50:	+1.38%
Price / MAexp100:	+0.87%

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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