GOLD - EUR - 1H - Technical analysis published on 09/07/2022 (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:
Bullish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1,710.53 EUR
My targets
1,734.42 EUR (+0.81%)
1,742.59 EUR (+1.29%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GOLD - EUR as long as the price remains well above 1,710.53 EUR. The buyers' bullish objective is set at 1,734.42 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,742.59 EUR. If there is any crossing, the next objective would be the resistance located at 1,765.00 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.6
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Additional analysis
Quotes
GOLD - EUR rating 1,720.46 EUR. The price registered a decrease of -0.05% on the session and was traded between 1,711.49 EUR and 1,723.86 EUR over the period. The price is currently at +0.52% from its lowest and -0.20% from its highest.1,711.49
1,723.86
1,720.46
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - EUR:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
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 bullish. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,703.84 | 1,710.53 | 1,719.95 | 1,720.46 | 1,734.42 | 1,742.59 | 1,765.00 |
| Change (%) | -0.97% | -0.58% | -0.03% | - | +0.81% | +1.29% | +2.59% |
| Change | -16.62 | -9.93 | -0.51 | - | +13.96 | +22.13 | +44.54 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Major | Minor |
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 | 1,696.28 | 1,705.87 | 1,713.58 | 1,723.17 | 1,730.88 | 1,740.47 | 1,748.18 |
| Camarilla | 1,716.52 | 1,718.11 | 1,719.69 | 1,721.28 | 1,722.87 | 1,724.45 | 1,726.04 |
| Woodie | 1,695.33 | 1,705.40 | 1,712.63 | 1,722.70 | 1,729.93 | 1,740.00 | 1,747.23 |
| Fibonacci | 1,705.87 | 1,712.48 | 1,716.57 | 1,723.17 | 1,729.78 | 1,733.87 | 1,740.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,641.81 | 1,668.19 | 1,694.22 | 1,720.60 | 1,746.63 | 1,773.01 | 1,799.04 |
| Camarilla | 1,705.85 | 1,710.65 | 1,715.46 | 1,720.26 | 1,725.06 | 1,729.87 | 1,734.67 |
| Woodie | 1,641.65 | 1,668.10 | 1,694.06 | 1,720.51 | 1,746.47 | 1,772.92 | 1,798.88 |
| Fibonacci | 1,668.19 | 1,688.21 | 1,700.58 | 1,720.60 | 1,740.62 | 1,752.99 | 1,773.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,606.08 | 1,651.55 | 1,677.02 | 1,722.49 | 1,747.96 | 1,793.43 | 1,818.90 |
| Camarilla | 1,682.97 | 1,689.47 | 1,695.98 | 1,702.48 | 1,708.98 | 1,715.49 | 1,721.99 |
| Woodie | 1,596.07 | 1,646.55 | 1,667.01 | 1,717.49 | 1,737.95 | 1,788.43 | 1,808.89 |
| Fibonacci | 1,651.55 | 1,678.65 | 1,695.39 | 1,722.49 | 1,749.59 | 1,766.33 | 1,793.43 |
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): | 52.79 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | -3.99 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1,719.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,723.64 | |
| Elder Ray (13): | 0.93 | |
| Super Trend (3,10): | 1,723.28 | |
| Zig ZAG (10): | 1,720.74 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 74.43 | |
| TEMA (21): | 1,719.89 | |
| Williams %R (14): | -26.35 | |
| Chande Momentum Oscillator (20): | 7.64 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.46 |
| MA7: | 1,715.99 | |
| MA20: | 1,735.75 | |
| MA50: | 1,724.09 | |
| MA100: | 1,737.19 | |
| MAexp7: | 1,720.07 | |
| MAexp20: | 1,719.23 | |
| MAexp50: | 1,719.52 | |
| MAexp100: | 1,719.96 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | -0.21% | |
| Price / MA100: | -0.96% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.03% |
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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