GOLD - EUR - 1H - Technical analysis published on 03/05/2024 (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
61%
17%
22%
My opinion
Bullish above 1,952.04 EUR
My targets
1,965.38 EUR (+0.29%)
2,004.10 EUR (+2.26%)
My analysis
The bullish trend is currently very strong on GOLD - EUR. As long as the price remains above the support at 1,952.04 EUR, you could try to benefit from the boom. The first bullish objective is located at 1,965.38 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,004.10 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
The GOLD - EUR rating is 1,959.73 EUR. The price registered an increase of +0.59% on the session and was traded between 1,945.18 EUR and 1,974.00 EUR over the period. The price is currently at +0.75% from its lowest and -0.72% from its highest.1,945.18
1,974.00
1,959.73
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:
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of GOLD - EUR in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1,903.38 | 1,917.67 | 1,952.04 | 1,959.73 |
| Change (%) | -2.88% | -2.15% | -0.39% | - |
| Change | -56.35 | -42.06 | -7.69 | - |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,892.04 | 1,904.80 | 1,926.52 | 1,939.28 | 1,961.00 | 1,973.76 | 1,995.48 |
| Camarilla | 1,938.76 | 1,941.92 | 1,945.08 | 1,948.24 | 1,951.40 | 1,954.56 | 1,957.72 |
| Woodie | 1,896.52 | 1,907.04 | 1,931.00 | 1,941.52 | 1,965.48 | 1,976.00 | 1,999.96 |
| Fibonacci | 1,904.80 | 1,917.97 | 1,926.11 | 1,939.28 | 1,952.45 | 1,960.59 | 1,973.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,824.04 | 1,845.34 | 1,884.06 | 1,905.36 | 1,944.08 | 1,965.38 | 2,004.10 |
| Camarilla | 1,906.29 | 1,911.79 | 1,917.29 | 1,922.79 | 1,928.29 | 1,933.79 | 1,939.30 |
| Woodie | 1,832.76 | 1,849.70 | 1,892.78 | 1,909.72 | 1,952.80 | 1,969.74 | 2,012.82 |
| Fibonacci | 1,845.34 | 1,868.26 | 1,882.43 | 1,905.36 | 1,928.28 | 1,942.45 | 1,965.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,812.12 | 1,832.10 | 1,861.97 | 1,881.95 | 1,911.82 | 1,931.80 | 1,961.67 |
| Camarilla | 1,878.12 | 1,882.69 | 1,887.26 | 1,891.83 | 1,896.40 | 1,900.97 | 1,905.54 |
| Woodie | 1,817.06 | 1,834.57 | 1,866.91 | 1,884.42 | 1,916.76 | 1,934.27 | 1,966.61 |
| Fibonacci | 1,832.10 | 1,851.15 | 1,862.91 | 1,881.95 | 1,901.00 | 1,912.76 | 1,931.80 |
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): | 66.68 | |
| MACD (12,26,9): | 6.6400 | |
| Directional Movement: | 21.48 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,962.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,973.18 | |
| Elder Ray (13): | 3.01 | |
| Super Trend (3,10): | 1,949.66 | |
| Zig ZAG (10): | 1,959.77 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 45.15 | |
| TEMA (21): | 1,961.80 | |
| Williams %R (14): | -49.40 | |
| Chande Momentum Oscillator (20): | 7.48 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.10 |
| MA7: | 1,906.48 | |
| MA20: | 1,884.37 | |
| MA50: | 1,874.98 | |
| MA100: | 1,863.20 | |
| MAexp7: | 1,958.87 | |
| MAexp20: | 1,953.31 | |
| MAexp50: | 1,938.25 | |
| MAexp100: | 1,920.35 | |
| Price / MA7: | +2.79% | |
| Price / MA20: | +4.00% | |
| Price / MA50: | +4.52% | |
| Price / MA100: | +5.18% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +2.05% |
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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