GOLD - USD
GOLD - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 12/04/2023 (GMT)

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  • Timeframe : Daily
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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

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 Choochoo. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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

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 the following items:

Central Records

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

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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


S3S2S1Price
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
Standard2,003.922,037.892,077.992,111.962,152.062,186.032,226.13
Camarilla2,097.732,104.522,111.312,118.102,124.892,131.682,138.47
Woodie2,007.002,039.422,081.072,113.492,155.142,187.562,229.21
Fibonacci2,037.892,066.182,083.662,111.962,140.252,157.732,186.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,948.041,974.312,022.882,049.152,097.722,123.992,172.56
Camarilla2,050.872,057.732,064.592,071.452,078.312,085.172,092.03
Woodie1,959.191,979.892,034.032,054.732,108.872,129.572,183.71
Fibonacci1,974.312,002.902,020.562,049.152,077.742,095.402,123.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,840.781,885.411,962.802,007.432,084.822,129.452,206.84
Camarilla2,006.632,017.812,029.002,040.182,051.372,062.552,073.74
Woodie1,857.151,893.601,979.172,015.622,101.192,137.642,223.21
Fibonacci1,885.411,932.031,960.822,007.432,054.052,082.842,129.45

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 - Gold & Silver Spot

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

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