EGOLD - EGLD/USD - 1H - Technical analysis published on 04/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 43.47 USD
My targets
48.75 USD (+8.24%)
52.29 USD (+16.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EGOLD - EGLD/USD as long as the price remains well above 43.47 USD. The buyers' bullish objective is set at 48.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 52.29 USD. If there is any crossing, the next objective would be the resistance located at 57.08 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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 Deceneu. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EGOLD - EGLD/USD price is 45.04 USD. The price has increased by +9.69% since the last closing and was traded between 40.44 USD and 45.31 USD over the period. The price is currently at +11.37% from its lowest and -0.60% from its highest.40.44
45.31
45.04
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Technical
Technical analysis of EGOLD - EGLD/USD in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.99 | 40.43 | 43.47 | 45.04 | 48.75 | 52.29 | 57.08 |
| Change (%) | -15.65% | -10.24% | -3.49% | - | +8.24% | +16.10% | +26.73% |
| Change | -7.05 | -4.61 | -1.57 | - | +3.71 | +7.25 | +12.04 |
| Level | Major | Major | Intermediate | - | 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 | 34.11 | 35.75 | 38.41 | 40.05 | 42.71 | 44.35 | 47.01 |
| Camarilla | 39.88 | 40.27 | 40.67 | 41.06 | 41.45 | 41.85 | 42.24 |
| Woodie | 34.61 | 36.01 | 38.91 | 40.31 | 43.21 | 44.61 | 47.51 |
| Fibonacci | 35.75 | 37.40 | 38.41 | 40.05 | 41.70 | 42.71 | 44.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.74 | 18.44 | 28.21 | 42.91 | 52.68 | 67.38 | 77.15 |
| Camarilla | 31.26 | 33.50 | 35.75 | 37.99 | 40.23 | 42.48 | 44.72 |
| Woodie | 1.29 | 17.21 | 25.76 | 41.68 | 50.23 | 66.15 | 74.70 |
| Fibonacci | 18.44 | 27.78 | 33.56 | 42.91 | 52.25 | 58.03 | 67.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.96 | 39.90 | 50.07 | 64.01 | 74.18 | 88.12 | 98.29 |
| Camarilla | 53.61 | 55.82 | 58.03 | 60.24 | 62.45 | 64.66 | 66.87 |
| Woodie | 24.08 | 38.96 | 48.19 | 63.07 | 72.30 | 87.18 | 96.41 |
| Fibonacci | 39.90 | 49.11 | 54.80 | 64.01 | 73.22 | 78.91 | 88.12 |
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): | 75.38 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 20.05 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 42.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.03 | |
| Elder Ray (13): | 1.21 | |
| Super Trend (3,10): | 42.18 | |
| Zig ZAG (10): | 43.54 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 99.40 | |
| TEMA (21): | 42.99 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.99 | |
| Repulse (5,40,3): | 2.9500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 6.76 |
| MA7: | 40.93 | |
| MA20: | 48.28 | |
| MA50: | 58.05 | |
| MA100: | 56.80 | |
| MAexp7: | 42.79 | |
| MAexp20: | 41.86 | |
| MAexp50: | 41.34 | |
| MAexp100: | 41.18 | |
| Price / MA7: | +10.04% | |
| Price / MA20: | -6.71% | |
| Price / MA50: | -22.41% | |
| Price / MA100: | -20.70% | |
| Price / MAexp7: | +5.26% | |
| Price / MAexp20: | +7.60% | |
| Price / MAexp50: | +8.95% | |
| Price / MAexp100: | +9.37% |
Quotes :
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Real time data
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