Summary of the analysis
Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 2,384.69 USD
My targets
2,399.66 USD (+0.43%)
2,418.17 USD (+1.20%)
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 2,384.69 USD. The next resistance located at 2,399.66 USD is the next bullish target 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 2,418.17 USD. After this resistance, buyers could then target 2,433.14 USD.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
10
4.6
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 circ*mstances, 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.
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1HDailyWeekly
Additional analysis
Quotes
The GOLD - USD price is 2,389.48 USD. On the day, this instrument gained +0.35% with the lowest point at 2,376.50 USD and the highest point at 2,392.10 USD. The deviation from the price is +0.55% for the low point and -0.11% for the high point.
2,376.50
2,392.10
2,389.48
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 15 min. chart of GOLD - USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,353.14 | 2,369.73 | 2,379.30 | 2,389.48 | 2,396.44 | 2,412.15 | 2,426.21 |
| Change (%) | -1.52% | -0.83% | -0.43% | - | +0.29% | +0.95% | +1.54% |
| Change | -36.34 | -19.75 | -10.18 | - | +6.96 | +22.67 | +36.73 |
| Level | Intermediate | Minor | Minor | - | Intermediate | 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 | 2,332.70 | 2,351.21 | 2,366.18 | 2,384.69 | 2,399.66 | 2,418.17 | 2,433.14 |
| Camarilla | 2,371.93 | 2,375.00 | 2,378.07 | 2,381.14 | 2,384.21 | 2,387.28 | 2,390.35 |
| Woodie | 2,330.92 | 2,350.33 | 2,364.40 | 2,383.81 | 2,397.88 | 2,417.29 | 2,431.36 |
| Fibonacci | 2,351.21 | 2,364.00 | 2,371.90 | 2,384.69 | 2,397.48 | 2,405.38 | 2,418.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,270.12 | 2,311.63 | 2,349.02 | 2,390.53 | 2,427.92 | 2,469.43 | 2,506.82 |
| Camarilla | 2,364.71 | 2,371.95 | 2,379.18 | 2,386.41 | 2,393.64 | 2,400.88 | 2,408.11 |
| Woodie | 2,268.06 | 2,310.60 | 2,346.96 | 2,389.50 | 2,425.86 | 2,468.40 | 2,504.76 |
| Fibonacci | 2,311.63 | 2,341.77 | 2,360.39 | 2,390.53 | 2,420.67 | 2,439.29 | 2,469.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,178.80 | 2,232.79 | 2,279.78 | 2,333.77 | 2,380.76 | 2,434.75 | 2,481.74 |
| Camarilla | 2,299.00 | 2,308.26 | 2,317.51 | 2,326.77 | 2,336.03 | 2,345.28 | 2,354.54 |
| Woodie | 2,175.30 | 2,231.04 | 2,276.28 | 2,332.02 | 2,377.26 | 2,433.00 | 2,478.24 |
| Fibonacci | 2,232.79 | 2,271.36 | 2,295.20 | 2,333.77 | 2,372.34 | 2,396.18 | 2,434.75 |
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): | 55.34 | |
| MACD (12,26,9): | 1.2800 | |
| Directional Movement: | 8.20 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 2,390.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,391.57 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 2,383.93 | |
| Zig ZAG (10): | 2,389.28 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 36.88 | |
| TEMA (21): | 2,390.59 | |
| Williams %R (14): | -70.21 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.11 |
| MA7: | 2,389.04 | |
| MA20: | 2,397.72 | |
| MA50: | 2,358.79 | |
| MA100: | 2,329.16 | |
| MAexp7: | 2,389.45 | |
| MAexp20: | 2,388.76 | |
| MAexp50: | 2,386.65 | |
| MAexp100: | 2,385.64 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | +1.30% | |
| Price / MA100: | +2.59% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.16% |
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:
- Olympics 2024: Team GB win first two gold medals in Paris
- Gold, Holding Its Support Levels: Technical Analysis by Chris Lewis (07/29) #Gold #Trading #XAUUSD
- Weekly Technical Outlook: 29/07/2024 - USDJPY, GBPUSD, Gold
- Gold Daily Forecast and Technical Analysis for July 29, 2024, by Chris Lewis for FX Empire
- Adam Peaty pipped to gold as he misses out on third consecutive title
This member declared not having a position on this financial instrument or a related financial instrument.
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