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 11/24/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 1,725.51 USD

My targets

1,778.85 USD (+1.32%)

1,811.39 USD (+3.18%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 1,725.51 USD. The buyers' bullish objective is set at 1,778.85 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,811.39 USD. If there is any crossing, the next objective would be the resistance located at 1,870.58 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.1

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

Additional analysis

Quotes

GOLD - USD rating 1,755.63 USD. On the day, this instrument gained +0.19% and was traded between 1,752.33 USD and 1,758.66 USD over the period. The price is currently at +0.19% from its lowest and -0.17% from its highest.

1,752.33

1,758.66

1,755.63

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish doji star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,628.59	1,684.74	1,725.51	1,755.63	1,778.85	1,811.39	1,870.58
Change (%)	-7.24%	-4.04%	-1.72%	-	+1.32%	+3.18%	+6.55%
Change	-127.04	-70.89	-30.12	-	+23.22	+55.76	+114.95
Level	Intermediate	Major	Major	-	Minor	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	1,708.65	1,717.82	1,735.08	1,744.25	1,761.51	1,770.68	1,787.94
Camarilla	1,745.08	1,747.51	1,749.93	1,752.35	1,754.77	1,757.20	1,759.62
Woodie	1,712.71	1,719.84	1,739.14	1,746.27	1,765.57	1,772.70	1,792.00
Fibonacci	1,717.82	1,727.91	1,734.15	1,744.25	1,754.34	1,760.58	1,770.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,697.72	1,722.63	1,736.69	1,761.60	1,775.66	1,800.57	1,814.63
Camarilla	1,740.02	1,743.60	1,747.17	1,750.74	1,754.31	1,757.89	1,761.46
Woodie	1,692.29	1,719.92	1,731.26	1,758.89	1,770.23	1,797.86	1,809.20
Fibonacci	1,722.63	1,737.52	1,746.72	1,761.60	1,776.49	1,785.69	1,800.57

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.42
MACD (12,26,9):	22.9200
Directional Movement:	8.00
AROON (14):	50.00
DEMA (21):	1,755.03
Parabolic SAR (0,02-0,02-0,2):	1,785.33
Elder Ray (13):	15.87
Super Trend (3,10):	1,695.30
Zig ZAG (10):	1,756.18
VORTEX (21):	1.1900
Stochastique (14,3,5):	75.52
TEMA (21):	1,772.40
Williams %R (14):	-24.96
Chande Momentum Oscillator (20):	44.49
Repulse (5,40,3):	0.6700
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	11.27

MA7:	1,753.29
MA20:	1,715.41
MA50:	1,685.33
MA100:	1,711.87
MAexp7:	1,750.21
MAexp20:	1,726.60
MAexp50:	1,708.49
MAexp100:	1,724.06
Price / MA7:	+0.13%
Price / MA20:	+2.34%
Price / MA50:	+4.17%
Price / MA100:	+2.56%
Price / MAexp7:	+0.31%
Price / MAexp20:	+1.68%
Price / MAexp50:	+2.76%
Price / MAexp100:	+1.83%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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