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 11/10/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 1,684.74 USD

My targets

1,725.51 USD (+0.92%)

1,778.85 USD (+4.04%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GOLD - USD as long as the price remains well above 1,684.74 USD. The buyers' bullish objective is set at 1,725.51 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,778.85 USD. If there is any crossing, the next objective would be the resistance located at 1,870.58 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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

Additional analysis

Quotes

The GOLD - USD price is 1,709.81 USD. On the day, this instrument gained +0.19% and was traded between 1,705.10 USD and 1,710.07 USD over the period. The price is currently at +0.28% from its lowest and -0.02% from its highest.

1,705.10

1,710.07

1,709.81

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,545.47	1,627.63	1,684.74	1,709.81	1,725.51	1,778.85	1,870.58
Change (%)	-9.61%	-4.81%	-1.47%	-	+0.92%	+4.04%	+9.40%
Change	-164.34	-82.18	-25.07	-	+15.70	+69.04	+160.77
Level	Intermediate	Major	Major	-	Major	Minor	Intermediate

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	1,678.21	1,690.20	1,698.37	1,710.36	1,718.53	1,730.52	1,738.69
Camarilla	1,701.01	1,702.85	1,704.70	1,706.55	1,708.40	1,710.25	1,712.09
Woodie	1,676.31	1,689.25	1,696.47	1,709.41	1,716.63	1,729.57	1,736.79
Fibonacci	1,690.20	1,697.90	1,702.66	1,710.36	1,718.06	1,722.82	1,730.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,572.60	1,594.63	1,638.29	1,660.32	1,703.98	1,726.01	1,769.67
Camarilla	1,663.88	1,669.90	1,675.92	1,681.94	1,687.96	1,693.98	1,700.01
Woodie	1,583.41	1,600.04	1,649.10	1,665.73	1,714.79	1,731.42	1,780.48
Fibonacci	1,594.63	1,619.73	1,635.23	1,660.32	1,685.42	1,700.92	1,726.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,477.76	1,547.51	1,590.03	1,659.78	1,702.30	1,772.05	1,814.57
Camarilla	1,601.67	1,611.96	1,622.25	1,632.54	1,642.83	1,653.12	1,663.41
Woodie	1,464.14	1,540.70	1,576.41	1,652.97	1,688.68	1,765.24	1,800.95
Fibonacci	1,547.51	1,590.40	1,616.90	1,659.78	1,702.67	1,729.17	1,772.05

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):	60.24
MACD (12,26,9):	5.5000
Directional Movement:	14.76
AROON (14):	28.57
DEMA (21):	1,673.07
Parabolic SAR (0,02-0,02-0,2):	1,627.97
Elder Ray (13):	32.68
Super Trend (3,10):	1,627.89
Zig ZAG (10):	1,708.76
VORTEX (21):	1.0800
Stochastique (14,3,5):	88.97
TEMA (21):	1,688.22
Williams %R (14):	-12.86
Chande Momentum Oscillator (20):	55.85
Repulse (5,40,3):	1.7200
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	3.96

MA7:	1,678.09
MA20:	1,658.24
MA50:	1,673.79
MA100:	1,715.15
MAexp7:	1,686.87
MAexp20:	1,670.61
MAexp50:	1,682.27
MAexp100:	1,715.67
Price / MA7:	+1.89%
Price / MA20:	+3.11%
Price / MA50:	+2.15%
Price / MA100:	-0.31%
Price / MAexp7:	+1.36%
Price / MAexp20:	+2.35%
Price / MAexp50:	+1.64%
Price / MAexp100:	-0.34%

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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