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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 09/16/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 1,694.03 EUR
My targets
1,664.73 EUR (-0.30%)
1,636.34 EUR (-2.00%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD - EUR. As long as you are under the resistance located at 1,694.03 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,664.73 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1,636.34 EUR as an objective. Crossing it would then enable sellers to target 1,608.06 EUR. If the resistance 1,694.03 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4

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.

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

Additional analysis

Quotes

GOLD - EUR rating 1,669.67 EUR. The price registered an increase of +0.32% on the session with the lowest point at 1,660.81 EUR and the highest point at 1,672.77 EUR. The deviation from the price is +0.53% for the low point and -0.19% for the high point.

1,660.81
1,672.77
1,669.67

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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 Central Records scanner for higher/lower results shows an item:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on GOLD - EUR were detected by the Central Volumes scanner:

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 bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,608.06 1,636.34 1,664.73 1,669.67 1,694.03 1,710.53 1,724.10
Change (%) -3.69% -2.00% -0.30% - +1.46% +2.45% +3.26%
Change -61.61 -33.33 -4.94 - +24.36 +40.86 +54.43
Level Minor Minor Major - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,609.461,635.481,649.921,675.941,690.381,716.401,730.84
Camarilla1,653.241,656.951,660.661,664.371,668.081,671.791,675.50
Woodie1,603.681,632.591,644.141,673.051,684.601,713.511,725.06
Fibonacci1,635.481,650.931,660.481,675.941,691.391,700.941,716.40


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,665.291,684.101,696.821,715.631,728.351,747.161,759.88
Camarilla1,700.881,703.771,706.661,709.551,712.441,715.331,718.22
Woodie1,662.261,682.581,693.791,714.111,725.321,745.641,756.85
Fibonacci1,684.101,696.141,703.581,715.631,727.671,735.111,747.16


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,606.081,651.551,677.021,722.491,747.961,793.431,818.90
Camarilla1,682.971,689.471,695.981,702.481,708.981,715.491,721.99
Woodie1,596.071,646.551,667.011,717.491,737.951,788.431,808.89
Fibonacci1,651.551,678.651,695.391,722.491,749.591,766.331,793.43

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): 47.85
MACD (12,26,9): -3.6800
Directional Movement: -6.21
AROON (14): 21.43
DEMA (21): 1,662.92
Parabolic SAR (0,02-0,02-0,2): 1,661.04
Elder Ray (13): 3.35
Super Trend (3,10): 1,674.80
Zig ZAG (10): 1,672.16
VORTEX (21): 1.0600
Stochastique (14,3,5): 86.69
TEMA (21): 1,665.34
Williams %R (14): -16.84
Chande Momentum Oscillator (20): 5.94
Repulse (5,40,3): 0.2100
ROCnROLL: -1
TRIX (15,9): -0.0500
Courbe Coppock: 0.32
MA7: 1,694.95
MA20: 1,718.47
MA50: 1,720.16
MA100: 1,730.33
MAexp7: 1,668.03
MAexp20: 1,668.86
MAexp50: 1,678.81
MAexp100: 1,688.83
Price / MA7: -1.49%
Price / MA20: -2.84%
Price / MA50: -2.94%
Price / MA100: -3.51%
Price / MAexp7: +0.10%
Price / MAexp20: +0.05%
Price / MAexp50: -0.54%
Price / MAexp100: -1.13%

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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