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GOLD - EUR
GOLD - EUR
- EUR (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUEUR
ISIN:

GOLD - EUR - 1H - Technical analysis published on 06/09/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1,733.30 EUR
My targets
1,719.60 EUR (-0.28%)
1,714.74 EUR (-0.56%)
My analysis
GOLD - EUR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,733.30 EUR. The next support located at 1,719.60 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,714.74 EUR. Below this support, sellers could then target 1,710.78 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.6

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GOLD - EUR rating 1,724.39 EUR. The price registered a decrease of -0.25% on the session and was between 1,723.87 EUR and 1,730.51 EUR. This implies that the price is at +0.03% from its lowest and at -0.35% from its highest.

1,723.87
1,730.51
1,724.39

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of GOLD - EUR indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central 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 Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,710.78 1,714.74 1,719.60 1,724.39 1,733.30 1,737.90 1,742.59
Change (%) -0.79% -0.56% -0.28% - +0.52% +0.78% +1.06%
Change -13.61 -9.65 -4.79 - +8.91 +13.51 +18.20
Level Intermediate Minor Major - Intermediate Minor Major



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
Standard1,708.191,713.941,721.351,727.101,734.511,740.261,747.67
Camarilla1,725.141,726.351,727.551,728.761,729.971,731.171,732.38
Woodie1,709.021,714.361,722.181,727.521,735.341,740.681,748.50
Fibonacci1,713.941,718.971,722.071,727.101,732.131,735.231,740.26


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,665.621,685.441,706.211,726.031,746.801,766.621,787.39
Camarilla1,715.821,719.541,723.261,726.981,730.701,734.421,738.14
Woodie1,666.101,685.681,706.691,726.271,747.281,766.861,787.87
Fibonacci1,685.441,700.951,710.531,726.031,741.541,751.121,766.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,576.991,643.251,677.011,743.271,777.031,843.291,877.05
Camarilla1,683.281,692.441,701.611,710.781,719.951,729.121,738.29
Woodie1,560.751,635.131,660.771,735.151,760.791,835.171,860.81
Fibonacci1,643.251,681.451,705.061,743.271,781.471,805.081,843.29

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): 37.74
MACD (12,26,9): -0.8100
Directional Movement: -7.47
AROON (14): -64.29
DEMA (21): 1,726.55
Parabolic SAR (0,02-0,02-0,2): 1,731.11
Elder Ray (13): -2.09
Super Trend (3,10): 1,722.65
Zig ZAG (10): 1,724.69
VORTEX (21): 1.0000
Stochastique (14,3,5): 18.82
TEMA (21): 1,725.77
Williams %R (14): -89.16
Chande Momentum Oscillator (20): -4.37
Repulse (5,40,3): -0.1400
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.33
MA7: 1,729.54
MA20: 1,731.70
MA50: 1,762.66
MA100: 1,728.74
MAexp7: 1,726.31
MAexp20: 1,727.53
MAexp50: 1,728.12
MAexp100: 1,728.33
Price / MA7: -0.30%
Price / MA20: -0.42%
Price / MA50: -2.17%
Price / MA100: -0.25%
Price / MAexp7: -0.11%
Price / MAexp20: -0.18%
Price / MAexp50: -0.22%
Price / MAexp100: -0.23%

Quotes : - Real time data - Gold & Silver Spot

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

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