GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 04/05/2024 (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 (+3.23%)

2,497.73 USD (+8.93%)

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.

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

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

The GOLD - USD rating is 2,292.93 USD. The price has increased by +0.18% since the last closing and was between 2,267.82 USD and 2,296.17 USD. This implies that the price is at +1.11% from its lowest and at -0.14% from its highest.

2,267.82

2,296.17

2,292.93

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,049.28	2,079.55	2,203.99	2,292.93
Change (%)	-10.63%	-9.31%	-3.88%	-
Change	-243.65	-213.38	-88.94	-
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	2,246.77	2,257.30	2,275.12	2,285.65	2,303.47	2,314.00	2,331.82
Camarilla	2,285.15	2,287.75	2,290.35	2,292.95	2,295.55	2,298.15	2,300.75
Woodie	2,250.43	2,259.12	2,278.78	2,287.47	2,307.13	2,315.82	2,335.48
Fibonacci	2,257.30	2,268.13	2,274.82	2,285.65	2,296.48	2,303.17	2,314.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,168.66	2,198.59	2,245.77	2,275.70	2,322.88	2,352.81	2,399.99
Camarilla	2,271.75	2,278.81	2,285.88	2,292.95	2,300.02	2,307.09	2,314.16
Woodie	2,177.29	2,202.90	2,254.40	2,280.01	2,331.51	2,357.12	2,408.62
Fibonacci	2,198.59	2,228.05	2,246.24	2,275.70	2,305.16	2,323.35	2,352.81

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	77.17
MACD (12,26,9):	50.7700
Directional Movement:	29.73
AROON (14):	85.72
DEMA (21):	2,270.76
Parabolic SAR (0,02-0,02-0,2):	2,242.43
Elder Ray (13):	47.97
Super Trend (3,10):	2,195.87
Zig ZAG (10):	2,293.17
VORTEX (21):	1.2200
Stochastique (14,3,5):	92.76
TEMA (21):	2,291.54
Williams %R (14):	-7.85
Chande Momentum Oscillator (20):	136.08
Repulse (5,40,3):	1.9800
ROCnROLL:	1
TRIX (15,9):	0.3000
Courbe Coppock:	8.64

MA7:	2,261.93
MA20:	2,203.48
MA50:	2,107.39
MA100:	2,067.18
MAexp7:	2,264.14
MAexp20:	2,206.82
MAexp50:	2,136.61
MAexp100:	2,082.08
Price / MA7:	+1.37%
Price / MA20:	+4.06%
Price / MA50:	+8.80%
Price / MA100:	+10.92%
Price / MAexp7:	+1.27%
Price / MAexp20:	+3.90%
Price / MAexp50:	+7.32%
Price / MAexp100:	+10.13%

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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