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 09/18/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 1,909.31 USD

My targets

1,977.71 USD (+2.28%)

2,021.82 USD (+4.56%)

My analysis

The strong short-term increase for GOLD - USD reinforces the current slightly bullish trend. As long as the price remains above 1,909.31 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 1,977.71 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,021.82 USD as an objective. Crossing it would then enable buyers to target 2,069.41 USD. A return to 1,909.31 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

4.1

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

Additional analysis

Quotes

The GOLD - USD rating is 1,933.61 USD. The price has increased by +0.49% since the last closing and was traded between 1,922.60 USD and 1,934.30 USD over the period. The price is currently at +0.57% from its lowest and -0.04% from its highest.

1,922.60

1,934.30

1,933.61

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows an overall slightly bullish trend. Only 57.14% 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 scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently positioned bullish. 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

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,811.68	1,834.42	1,909.31	1,933.61	1,944.95	1,977.71	2,021.82
Change (%)	-6.31%	-5.13%	-1.26%	-	+0.59%	+2.28%	+4.56%
Change	-121.93	-99.19	-24.30	-	+11.34	+44.10	+88.21
Level	Major	Minor	Major	-	Intermediate	Intermediate	Minor

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	1,891.83	1,900.82	1,912.48	1,921.47	1,933.13	1,942.12	1,953.78
Camarilla	1,918.46	1,920.35	1,922.25	1,924.14	1,926.03	1,927.93	1,929.82
Woodie	1,893.17	1,901.49	1,913.82	1,922.14	1,934.47	1,942.79	1,955.12
Fibonacci	1,900.82	1,908.71	1,913.58	1,921.47	1,929.36	1,934.23	1,942.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,876.83	1,888.93	1,906.54	1,918.64	1,936.25	1,948.35	1,965.96
Camarilla	1,915.97	1,918.69	1,921.42	1,924.14	1,926.86	1,929.59	1,932.31
Woodie	1,879.58	1,890.31	1,909.29	1,920.02	1,939.00	1,949.73	1,968.71
Fibonacci	1,888.93	1,900.28	1,907.29	1,918.64	1,929.99	1,937.00	1,948.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,815.05	1,849.94	1,894.94	1,929.83	1,974.83	2,009.72	2,054.72
Camarilla	1,917.96	1,925.28	1,932.61	1,939.93	1,947.25	1,954.58	1,961.90
Woodie	1,820.10	1,852.47	1,899.99	1,932.36	1,979.88	2,012.25	2,059.77
Fibonacci	1,849.94	1,880.46	1,899.32	1,929.83	1,960.35	1,979.21	2,009.72

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):	56.17
MACD (12,26,9):	-1.3900
Directional Movement:	4.25
AROON (14):	-64.28
DEMA (21):	1,919.55
Parabolic SAR (0,02-0,02-0,2):	1,938.91
Elder Ray (13):	6.90
Super Trend (3,10):	1,896.02
Zig ZAG (10):	1,933.44
VORTEX (21):	1.1200
Stochastique (14,3,5):	41.30
TEMA (21):	1,922.02
Williams %R (14):	-37.70
Chande Momentum Oscillator (20):	-6.46
Repulse (5,40,3):	0.9700
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.30

MA7:	1,918.58
MA20:	1,923.04
MA50:	1,932.50
MA100:	1,947.03
MAexp7:	1,921.84
MAexp20:	1,922.03
MAexp50:	1,928.26
MAexp100:	1,928.99
Price / MA7:	+0.78%
Price / MA20:	+0.55%
Price / MA50:	+0.06%
Price / MA100:	-0.69%
Price / MAexp7:	+0.61%
Price / MAexp20:	+0.60%
Price / MAexp50:	+0.28%
Price / MAexp100:	+0.24%

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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