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 - 15 min. - Technical analysis published on 03/02/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 1,723.72 EUR
My targets
1,716.04 EUR (-0.33%)
1,710.67 EUR (-0.64%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - EUR as long as the price remains well below 1,723.72 EUR. The next bearish objective for sellers is set at 1,716.04 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,710.67 EUR. If there is any crossing, the next objective would be the support located at 1,702.99 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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
2.7

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 Muhahaha. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GOLD - EUR rating 1,721.76 EUR. The price has increased by +0.02% since the last closing and was between 1,719.77 EUR and 1,723.44 EUR. This implies that the price is at +0.12% from its lowest and at -0.10% from its highest.

1,719.77
1,723.44
1,721.76

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


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


A technical analysis in 15 min. of this GOLD - EUR chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,702.48 1,711.23 1,718.61 1,721.76 1,722.36 1,726.84 1,731.40
Change (%) -1.12% -0.61% -0.18% - +0.03% +0.30% +0.56%
Change -19.28 -10.53 -3.15 - +0.60 +5.08 +9.64
Level Intermediate Minor Intermediate - Minor Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,702.991,710.671,716.041,723.721,729.091,736.771,742.14
Camarilla1,717.821,719.021,720.211,721.411,722.611,723.801,725.00
Woodie1,701.841,710.091,714.891,723.141,727.941,736.191,740.99
Fibonacci1,710.671,715.661,718.741,723.721,728.711,731.791,736.77


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,689.911,702.221,709.611,721.921,729.311,741.621,749.01
Camarilla1,711.591,713.401,715.201,717.011,718.821,720.621,722.43
Woodie1,687.461,700.991,707.161,720.691,726.861,740.391,746.56
Fibonacci1,702.221,709.741,714.391,721.921,729.441,734.091,741.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,611.841,656.871,691.461,736.491,771.081,816.111,850.70
Camarilla1,704.161,711.451,718.751,726.051,733.351,740.651,747.95
Woodie1,606.621,654.261,686.241,733.881,765.861,813.501,845.48
Fibonacci1,656.871,687.291,706.081,736.491,766.911,785.701,816.11

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): 51.41
MACD (12,26,9): 0.0700
Directional Movement: -6.96
AROON (14): -42.86
DEMA (21): 1,722.51
Parabolic SAR (0,02-0,02-0,2): 1,720.59
Elder Ray (13): 0.03
Super Trend (3,10): 1,724.06
Zig ZAG (10): 1,723.00
VORTEX (21): 1.0200
Stochastique (14,3,5): 65.29
TEMA (21): 1,722.77
Williams %R (14): -12.02
Chande Momentum Oscillator (20): 0.13
Repulse (5,40,3): 0.1200
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.01
MA7: 1,720.12
MA20: 1,727.59
MA50: 1,740.58
MA100: 1,714.32
MAexp7: 1,722.36
MAexp20: 1,722.41
MAexp50: 1,722.53
MAexp100: 1,722.58
Price / MA7: +0.10%
Price / MA20: -0.34%
Price / MA50: -1.08%
Price / MA100: +0.43%
Price / MAexp7: -0.03%
Price / MAexp20: -0.04%
Price / MAexp50: -0.04%
Price / MAexp100: -0.05%

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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