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 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%
0%
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
0
10
8.9

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:
15 min. 1H Weekly

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.

Central Gaps

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:

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


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:

Central Indicators

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:

Central Indicators

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
S3
S2
S1
Price


S3S2S1Price
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
Standard2,269.142,272.942,278.332,282.132,287.522,291.322,296.71
Camarilla2,281.202,282.052,282.892,283.732,284.572,285.422,286.26
Woodie2,269.952,273.342,279.142,282.532,288.332,291.722,297.52
Fibonacci2,272.942,276.452,278.622,282.132,285.642,287.812,291.32


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,113.292,138.472,186.072,211.252,258.852,284.032,331.63
Camarilla2,213.672,220.342,227.012,233.682,240.352,247.022,253.70
Woodie2,124.512,144.082,197.292,216.862,270.072,289.642,342.85
Fibonacci2,138.472,166.272,183.452,211.252,239.052,256.232,284.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,905.681,972.372,103.032,169.722,300.382,367.072,497.73
Camarilla2,179.412,197.502,215.592,233.682,251.772,269.862,287.95
Woodie1,937.661,988.362,135.012,185.712,332.362,383.062,529.71
Fibonacci1,972.372,047.762,094.342,169.722,245.112,291.692,367.07

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

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

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