GOLD - EUR - 1H - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1,680.55 EUR
My targets
1,650.12 EUR (-1.29%)
1,608.06 EUR (-3.81%)
My analysis
The bearish trend is currently very strong for GOLD - EUR. As long as the price remains below the resistance at 1,680.55 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,650.12 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,608.06 EUR as an objective. Crossing it would then enable sellers to target 1,580.32 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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Additional analysis
Quotes
The GOLD - EUR price is 1,671.70 EUR. The price is lower by -0.70% since the last closing with the lowest point at 1,667.18 EUR and the highest point at 1,688.46 EUR. The deviation from the price is +0.27% for the low point and -0.99% for the high point.1,667.18
1,688.46
1,671.70
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of GOLD - EUR in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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, 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,580.32 | 1,608.06 | 1,650.12 | 1,671.70 | 1,680.55 | 1,687.72 | 1,701.82 |
| Change (%) | -5.47% | -3.81% | -1.29% | - | +0.53% | +0.96% | +1.80% |
| Change | -91.38 | -63.64 | -21.58 | - | +8.85 | +16.02 | +30.12 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,654.03 | 1,667.29 | 1,675.41 | 1,688.67 | 1,696.79 | 1,710.05 | 1,718.17 |
| Camarilla | 1,677.65 | 1,679.61 | 1,681.57 | 1,683.53 | 1,685.49 | 1,687.45 | 1,689.41 |
| Woodie | 1,651.46 | 1,666.01 | 1,672.84 | 1,687.39 | 1,694.22 | 1,708.77 | 1,715.60 |
| Fibonacci | 1,667.29 | 1,675.46 | 1,680.50 | 1,688.67 | 1,696.84 | 1,701.88 | 1,710.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,621.38 | 1,654.55 | 1,674.01 | 1,707.18 | 1,726.64 | 1,759.81 | 1,779.27 |
| Camarilla | 1,679.00 | 1,683.82 | 1,688.65 | 1,693.47 | 1,698.29 | 1,703.12 | 1,707.94 |
| Woodie | 1,614.53 | 1,651.12 | 1,667.16 | 1,703.75 | 1,719.79 | 1,756.38 | 1,772.42 |
| Fibonacci | 1,654.55 | 1,674.66 | 1,687.08 | 1,707.18 | 1,727.29 | 1,739.71 | 1,759.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,605.44 | 1,655.35 | 1,689.79 | 1,739.70 | 1,774.14 | 1,824.05 | 1,858.49 |
| Camarilla | 1,701.03 | 1,708.77 | 1,716.50 | 1,724.23 | 1,731.96 | 1,739.69 | 1,747.43 |
| Woodie | 1,597.71 | 1,651.48 | 1,682.06 | 1,735.83 | 1,766.41 | 1,820.18 | 1,850.76 |
| Fibonacci | 1,655.35 | 1,687.57 | 1,707.48 | 1,739.70 | 1,771.92 | 1,791.83 | 1,824.05 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.66 | |
| MACD (12,26,9): | -4.7200 | |
| Directional Movement: | -14.12 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1,671.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,678.69 | |
| Elder Ray (13): | -1.83 | |
| Super Trend (3,10): | 1,684.38 | |
| Zig ZAG (10): | 1,671.56 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 25.89 | |
| TEMA (21): | 1,670.22 | |
| Williams %R (14): | -76.97 | |
| Chande Momentum Oscillator (20): | -14.87 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.57 |
| MA7: | 1,703.89 | |
| MA20: | 1,718.98 | |
| MA50: | 1,731.16 | |
| MA100: | 1,755.27 | |
| MAexp7: | 1,672.74 | |
| MAexp20: | 1,677.37 | |
| MAexp50: | 1,685.66 | |
| MAexp100: | 1,695.08 | |
| Price / MA7: | -1.89% | |
| Price / MA20: | -2.75% | |
| Price / MA50: | -3.43% | |
| Price / MA100: | -4.76% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -1.38% |
Quotes :
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Real time data
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Gold & Silver Spot
This member declared not having a position on this financial instrument or a related financial instrument.
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