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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 - 15 min. - Technical analysis published on 03/05/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1,939.28 EUR
My targets
1,961.00 EUR (+0.08%)
1,973.76 EUR (+0.73%)
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 above the support located at 1,939.28 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1,961.00 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1,973.76 EUR as an objective. Crossing it would then enable buyers to target 1,995.48 EUR. If the support 1,939.28 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GOLD - EUR price is 1,959.44 EUR. The price has increased by +0.58% since the last closing with the lowest point at 1,945.18 EUR and the highest point at 1,974.00 EUR. The deviation from the price is +0.73% for the low point and -0.74% for the high point.

1,945.18
1,974.00
1,959.44

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



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of GOLD - EUR in 15 min. shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

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
Price


S3S2S1Price
ProTrendLines 1,903.38 1,917.67 1,952.04 1,959.44
Change (%) -2.86% -2.13% -0.38% -
Change -56.06 -41.77 -7.40 -
Level Minor Minor Intermediate -



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
Standard1,892.041,904.801,926.521,939.281,961.001,973.761,995.48
Camarilla1,938.761,941.921,945.081,948.241,951.401,954.561,957.72
Woodie1,896.521,907.041,931.001,941.521,965.481,976.001,999.96
Fibonacci1,904.801,917.971,926.111,939.281,952.451,960.591,973.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,824.041,845.341,884.061,905.361,944.081,965.382,004.10
Camarilla1,906.291,911.791,917.291,922.791,928.291,933.791,939.30
Woodie1,832.761,849.701,892.781,909.721,952.801,969.742,012.82
Fibonacci1,845.341,868.261,882.431,905.361,928.281,942.451,965.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,812.121,832.101,861.971,881.951,911.821,931.801,961.67
Camarilla1,878.121,882.691,887.261,891.831,896.401,900.971,905.54
Woodie1,817.061,834.571,866.911,884.421,916.761,934.271,966.61
Fibonacci1,832.101,851.151,862.911,881.951,901.001,912.761,931.80

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): 46.50
MACD (12,26,9): 0.4300
Directional Movement: 3.78
AROON (14): -64.28
DEMA (21): 1,960.75
Parabolic SAR (0,02-0,02-0,2): 1,969.63
Elder Ray (13): -1.81
Super Trend (3,10): 1,955.39
Zig ZAG (10): 1,958.10
VORTEX (21): 0.9800
Stochastique (14,3,5): 20.39
TEMA (21): 1,959.34
Williams %R (14): -77.51
Chande Momentum Oscillator (20): -4.46
Repulse (5,40,3): -0.0400
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.06
MA7: 1,906.48
MA20: 1,884.37
MA50: 1,874.98
MA100: 1,863.20
MAexp7: 1,958.37
MAexp20: 1,959.46
MAexp50: 1,956.47
MAexp100: 1,949.76
Price / MA7: +2.78%
Price / MA20: +3.98%
Price / MA50: +4.50%
Price / MA100: +5.17%
Price / MAexp7: +0.05%
Price / MAexp20: +0.00%
Price / MAexp50: +0.15%
Price / MAexp100: +0.50%

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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Londinia AI

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