GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 05/14/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 2,291.38 USD

My targets

2,390.13 USD (+2.21%)

My analysis

The basic bullish trend is very strong on GOLD - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2,291.38 USD. Crossing the first resistance at 2,390.13 USD would be a sign of a potential new surge in the price. Caution, a return to below 2,291.38 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

6.6

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

Additional analysis

Quotes

The GOLD - USD rating is 2,338.43 USD. On the day, this instrument gained +0.00% and was traded between 2,334.86 USD and 2,345.97 USD over the period. The price is currently at +0.15% from its lowest and -0.32% from its highest.

2,334.86

2,345.97

2,338.43

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

Here is a more detailed summary of the historical variations registered by GOLD - USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of this Daily chart of GOLD - USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,049.28	2,183.68	2,291.38	2,338.43	2,390.13
Change (%)	-12.37%	-6.62%	-2.01%	-	+2.21%
Change	-289.15	-154.75	-47.05	-	+51.70
Level	Major	Minor	Minor	-	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,293.31	2,312.77	2,325.61	2,345.07	2,357.91	2,377.37	2,390.21
Camarilla	2,329.56	2,332.52	2,335.48	2,338.44	2,341.40	2,344.36	2,347.32
Woodie	2,289.99	2,311.12	2,322.29	2,343.42	2,354.59	2,375.72	2,386.89
Fibonacci	2,312.77	2,325.11	2,332.74	2,345.07	2,357.41	2,365.04	2,377.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,224.09	2,257.98	2,310.73	2,344.62	2,397.37	2,431.26	2,484.01
Camarilla	2,339.66	2,347.61	2,355.55	2,363.49	2,371.43	2,379.37	2,387.32
Woodie	2,233.53	2,262.70	2,320.17	2,349.34	2,406.81	2,435.98	2,493.45
Fibonacci	2,257.98	2,291.07	2,311.52	2,344.62	2,377.71	2,398.16	2,431.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,999.72	2,114.12	2,202.75	2,317.15	2,405.78	2,520.18	2,608.81
Camarilla	2,235.55	2,254.16	2,272.77	2,291.38	2,309.99	2,328.60	2,347.21
Woodie	1,986.84	2,107.68	2,189.87	2,310.71	2,392.90	2,513.74	2,595.93
Fibonacci	2,114.12	2,191.68	2,239.59	2,317.15	2,394.71	2,442.62	2,520.18

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):	54.89
MACD (12,26,9):	15.7100
Directional Movement:	7.13
AROON (14):	35.71
DEMA (21):	2,350.35
Parabolic SAR (0,02-0,02-0,2):	2,286.58
Elder Ray (13):	9.03
Super Trend (3,10):	2,265.09
Zig ZAG (10):	2,338.03
VORTEX (21):	1.0100
Stochastique (14,3,5):	68.98
TEMA (21):	2,332.41
Williams %R (14):	-38.77
Chande Momentum Oscillator (20):	3.00
Repulse (5,40,3):	-0.0600
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	0.97

MA7:	2,333.90
MA20:	2,333.46
MA50:	2,274.46
MA100:	2,155.07
MAexp7:	2,335.45
MAexp20:	2,325.13
MAexp50:	2,269.12
MAexp100:	2,189.15
Price / MA7:	+0.19%
Price / MA20:	+0.21%
Price / MA50:	+2.81%
Price / MA100:	+8.51%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.57%
Price / MAexp50:	+3.05%
Price / MAexp100:	+6.82%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

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

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