GOLD - USD - Daily - Technical analysis published on 12/04/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2,045.49 USD
My targets
2,129.45 USD (+1.35%)
2,206.84 USD (+5.04%)
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 2,045.49 USD. The buyers' bullish objective is set at 2,129.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,206.84 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Choochoo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - USD rating is 2,100.99 USD. The price is lower by -0.81% since the last closing with the lowest point at 2,100.32 USD and the highest point at 2,120.61 USD. The deviation from the price is +0.03% for the low point and -0.93% for the high point.2,100.32
2,120.61
2,100.99
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - USD:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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 this Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 1,938.91 | 1,977.61 | 2,045.49 | 2,100.99 |
Change (%) | -7.71% | -5.87% | -2.64% | - |
Change | -162.08 | -123.38 | -55.50 | - |
Level | Intermediate | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,003.92 | 2,037.89 | 2,077.99 | 2,111.96 | 2,152.06 | 2,186.03 | 2,226.13 |
Camarilla | 2,097.73 | 2,104.52 | 2,111.31 | 2,118.10 | 2,124.89 | 2,131.68 | 2,138.47 |
Woodie | 2,007.00 | 2,039.42 | 2,081.07 | 2,113.49 | 2,155.14 | 2,187.56 | 2,229.21 |
Fibonacci | 2,037.89 | 2,066.18 | 2,083.66 | 2,111.96 | 2,140.25 | 2,157.73 | 2,186.03 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,948.04 | 1,974.31 | 2,022.88 | 2,049.15 | 2,097.72 | 2,123.99 | 2,172.56 |
Camarilla | 2,050.87 | 2,057.73 | 2,064.59 | 2,071.45 | 2,078.31 | 2,085.17 | 2,092.03 |
Woodie | 1,959.19 | 1,979.89 | 2,034.03 | 2,054.73 | 2,108.87 | 2,129.57 | 2,183.71 |
Fibonacci | 1,974.31 | 2,002.90 | 2,020.56 | 2,049.15 | 2,077.74 | 2,095.40 | 2,123.99 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,840.78 | 1,885.41 | 1,962.80 | 2,007.43 | 2,084.82 | 2,129.45 | 2,206.84 |
Camarilla | 2,006.63 | 2,017.81 | 2,029.00 | 2,040.18 | 2,051.37 | 2,062.55 | 2,073.74 |
Woodie | 1,857.15 | 1,893.60 | 1,979.17 | 2,015.62 | 2,101.19 | 2,137.64 | 2,223.21 |
Fibonacci | 1,885.41 | 1,932.03 | 1,960.82 | 2,007.43 | 2,054.05 | 2,082.84 | 2,129.45 |
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): | 77.16 | |
MACD (12,26,9): | 35.4000 | |
Directional Movement: | 39.26 | |
AROON (14): | 92.86 | |
DEMA (21): | 2,064.28 | |
Parabolic SAR (0,02-0,02-0,2): | 2,021.59 | |
Elder Ray (13): | 70.09 | |
Super Trend (3,10): | 2,032.21 | |
Zig ZAG (10): | 2,106.81 | |
VORTEX (21): | 1.2500 | |
Stochastique (14,3,5): | 87.29 | |
TEMA (21): | 2,083.20 | |
Williams %R (14): | -20.37 | |
Chande Momentum Oscillator (20): | 126.87 | |
Repulse (5,40,3): | 2.0000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1700 | |
Courbe Coppock: | 10.32 |
MA7: | 2,062.99 | |
MA20: | 2,004.48 | |
MA50: | 1,955.37 | |
MA100: | 1,941.80 | |
MAexp7: | 2,068.53 | |
MAexp20: | 2,022.45 | |
MAexp50: | 1,980.34 | |
MAexp100: | 1,956.76 | |
Price / MA7: | +1.84% | |
Price / MA20: | +4.81% | |
Price / MA50: | +7.45% | |
Price / MA100: | +8.20% | |
Price / MAexp7: | +1.56% | |
Price / MAexp20: | +3.88% | |
Price / MAexp50: | +6.09% | |
Price / MAexp100: | +7.37% |
Quotes :
-
Real time data
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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:
-
Sentiment Study: Focus on gold
-
Gold Forecast Video for 04.11.23 by Bruce Powers for FX Empire
-
Gold Forecast December 4, 2023
-
Gold Technical Analysis for December 04, 2023 by FXEmpire
-
Gold Technical Analysis for December 04, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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