GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 04/03/2024 (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

89%

11%

My opinion

Bullish above 2,203.99 USD

My targets

2,367.07 USD (+3.65%)

2,497.73 USD (+9.37%)

My analysis

GOLD - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,203.99 USD. The next resistance located at 2,367.07 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,497.73 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.9

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,283.73 USD. On the day, this instrument gained +0.17% and was traded between 2,276.73 USD and 2,285.92 USD over the period. The price is currently at +0.31% from its lowest and -0.10% from its highest.

2,276.73

2,285.92

2,283.73

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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 the following items:

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

A technical analysis in Daily of this GOLD - USD chart shows a strongly bullish trend. 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 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:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

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, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,049.28	2,079.55	2,203.99	2,283.73
Change (%)	-10.27%	-8.94%	-3.49%	-
Change	-234.45	-204.18	-79.74	-
Level	Major	Minor	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,269.14	2,272.94	2,278.33	2,282.13	2,287.52	2,291.32	2,296.71
Camarilla	2,281.20	2,282.05	2,282.89	2,283.73	2,284.57	2,285.42	2,286.26
Woodie	2,269.95	2,273.34	2,279.14	2,282.53	2,288.33	2,291.72	2,297.52
Fibonacci	2,272.94	2,276.45	2,278.62	2,282.13	2,285.64	2,287.81	2,291.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,113.29	2,138.47	2,186.07	2,211.25	2,258.85	2,284.03	2,331.63
Camarilla	2,213.67	2,220.34	2,227.01	2,233.68	2,240.35	2,247.02	2,253.70
Woodie	2,124.51	2,144.08	2,197.29	2,216.86	2,270.07	2,289.64	2,342.85
Fibonacci	2,138.47	2,166.27	2,183.45	2,211.25	2,239.05	2,256.23	2,284.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,905.68	1,972.37	2,103.03	2,169.72	2,300.38	2,367.07	2,497.73
Camarilla	2,179.41	2,197.50	2,215.59	2,233.68	2,251.77	2,269.86	2,287.95
Woodie	1,937.66	1,988.36	2,135.01	2,185.71	2,332.36	2,383.06	2,529.71
Fibonacci	1,972.37	2,047.76	2,094.34	2,169.72	2,245.11	2,291.69	2,367.07

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	78.35
MACD (12,26,9):	45.8200
Directional Movement:	35.36
AROON (14):	71.43
DEMA (21):	2,244.86
Parabolic SAR (0,02-0,02-0,2):	2,207.60
Elder Ray (13):	69.91
Super Trend (3,10):	2,190.56
Zig ZAG (10):	2,283.75
VORTEX (21):	1.3100
Stochastique (14,3,5):	92.30
TEMA (21):	2,263.55
Williams %R (14):	-3.29
Chande Momentum Oscillator (20):	124.57
Repulse (5,40,3):	2.3700
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	6.63

MA7:	2,227.17
MA20:	2,189.05
MA50:	2,096.17
MA100:	2,060.30
MAexp7:	2,239.36
MAexp20:	2,186.63
MAexp50:	2,123.12
MAexp100:	2,073.24
Price / MA7:	+2.54%
Price / MA20:	+4.33%
Price / MA50:	+8.95%
Price / MA100:	+10.84%
Price / MAexp7:	+1.98%
Price / MAexp20:	+4.44%
Price / MAexp50:	+7.56%
Price / MAexp100:	+10.15%

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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