GOLD - EUR - 1H - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1,870.48 EUR
My targets
1,885.23 EUR (+0.47%)
1,903.38 EUR (+1.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - EUR as long as the price remains well above 1,870.48 EUR. The buyers' bullish objective is set at 1,885.23 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,903.38 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - EUR rating 1,876.50 EUR. The price registered an increase of +0.21% on the session and was traded between 1,871.67 EUR and 1,881.74 EUR over the period. The price is currently at +0.26% from its lowest and -0.28% from its highest.1,871.67
1,881.74
1,876.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
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 this 1H chart of GOLD - EUR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,868.18 | 1,870.48 | 1,874.21 | 1,876.50 | 1,878.48 | 1,885.23 | 1,903.38 |
| Change (%) | -0.44% | -0.32% | -0.12% | - | +0.11% | +0.47% | +1.43% |
| Change | -8.32 | -6.02 | -2.29 | - | +1.98 | +8.73 | +26.88 |
| Level | Major | Major | Minor | - | 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 | 1,861.01 | 1,865.70 | 1,869.18 | 1,873.87 | 1,877.35 | 1,882.04 | 1,885.52 |
| Camarilla | 1,870.40 | 1,871.15 | 1,871.90 | 1,872.65 | 1,873.40 | 1,874.15 | 1,874.90 |
| Woodie | 1,860.40 | 1,865.40 | 1,868.57 | 1,873.57 | 1,876.74 | 1,881.74 | 1,884.91 |
| Fibonacci | 1,865.70 | 1,868.82 | 1,870.75 | 1,873.87 | 1,876.99 | 1,878.92 | 1,882.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,846.37 | 1,855.00 | 1,867.98 | 1,876.61 | 1,889.59 | 1,898.22 | 1,911.20 |
| Camarilla | 1,875.03 | 1,877.01 | 1,878.99 | 1,880.97 | 1,882.95 | 1,884.93 | 1,886.91 |
| Woodie | 1,848.56 | 1,856.09 | 1,870.17 | 1,877.70 | 1,891.78 | 1,899.31 | 1,913.39 |
| Fibonacci | 1,855.00 | 1,863.25 | 1,868.35 | 1,876.61 | 1,884.86 | 1,889.96 | 1,898.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,799.76 | 1,818.98 | 1,853.56 | 1,872.78 | 1,907.36 | 1,926.58 | 1,961.16 |
| Camarilla | 1,873.35 | 1,878.28 | 1,883.21 | 1,888.14 | 1,893.07 | 1,898.00 | 1,902.94 |
| Woodie | 1,807.44 | 1,822.82 | 1,861.24 | 1,876.62 | 1,915.04 | 1,930.42 | 1,968.84 |
| Fibonacci | 1,818.98 | 1,839.53 | 1,852.23 | 1,872.78 | 1,893.33 | 1,906.03 | 1,926.58 |
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): | 54.57 | |
| MACD (12,26,9): | 0.5300 | |
| Directional Movement: | 7.37 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1,876.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,881.01 | |
| Elder Ray (13): | 0.61 | |
| Super Trend (3,10): | 1,871.62 | |
| Zig ZAG (10): | 1,876.56 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 37.54 | |
| TEMA (21): | 1,876.55 | |
| Williams %R (14): | -54.70 | |
| Chande Momentum Oscillator (20): | 1.30 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1,873.90 | |
| MA20: | 1,876.09 | |
| MA50: | 1,869.42 | |
| MA100: | 1,857.29 | |
| MAexp7: | 1,876.02 | |
| MAexp20: | 1,875.61 | |
| MAexp50: | 1,874.93 | |
| MAexp100: | 1,874.04 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | +1.03% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.13% |
Quotes :
-
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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