GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 04/16/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above

My targets

()

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 . The next resistance located at is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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

Additional analysis

Quotes

GOLD - USD rating 2,383.35 USD. On the day, this instrument gained +0.05% and was traded between 2,363.05 USD and 2,398.33 USD over the period. The price is currently at +0.86% from its lowest and -0.62% from its highest.

2,363.05

2,398.33

2,383.35

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

Bearish opening

Type : Bearish

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, which identifies the highest / lowest, has detected several elements:

Near a 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.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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 detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,049.28	2,079.55	2,203.99	2,383.35
Change (%)	-14.02%	-12.75%	-7.53%	-
Change	-334.07	-303.80	-179.36	-
Level	Major	Minor	Intermediate	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,272.33	2,298.34	2,340.20	2,366.21	2,408.07	2,434.08	2,475.94
Camarilla	2,363.40	2,369.62	2,375.84	2,382.06	2,388.28	2,394.50	2,400.72
Woodie	2,280.26	2,302.30	2,348.13	2,370.17	2,416.00	2,438.04	2,483.87
Fibonacci	2,298.34	2,324.27	2,340.28	2,366.21	2,392.14	2,408.15	2,434.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,159.08	2,231.02	2,287.67	2,359.61	2,416.26	2,488.20	2,544.85
Camarilla	2,308.96	2,320.75	2,332.53	2,344.32	2,356.11	2,367.90	2,379.68
Woodie	2,151.44	2,227.20	2,280.03	2,355.79	2,408.62	2,484.38	2,537.21
Fibonacci	2,231.02	2,280.14	2,310.49	2,359.61	2,408.73	2,439.08	2,488.20

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	74.19
MACD (12,26,9):	65.0400
Directional Movement:	28.26
AROON (14):	85.71
DEMA (21):	2,370.07
Parabolic SAR (0,02-0,02-0,2):	2,431.55
Elder Ray (13):	59.61
Super Trend (3,10):	2,250.30
Zig ZAG (10):	2,382.45
VORTEX (21):	1.2300
Stochastique (14,3,5):	76.55
TEMA (21):	2,393.45
Williams %R (14):	-19.02
Chande Momentum Oscillator (20):	148.77
Repulse (5,40,3):	1.1400
ROCnROLL:	1
TRIX (15,9):	0.4000
Courbe Coppock:	15.53

MA7:	2,359.30
MA20:	2,272.02
MA50:	2,153.42
MA100:	2,093.76
MAexp7:	2,354.39
MAexp20:	2,286.51
MAexp50:	2,192.20
MAexp100:	2,118.82
Price / MA7:	+1.02%
Price / MA20:	+4.90%
Price / MA50:	+10.68%
Price / MA100:	+13.83%
Price / MAexp7:	+1.23%
Price / MAexp20:	+4.23%
Price / MAexp50:	+8.72%
Price / MAexp100:	+12.48%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on GOLD - USD at the time of the generation of this analysis was as follows:

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

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