GOLD - EUR

- EUR (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAUEUR
ISIN:

GOLD - EUR - Daily - Technical analysis published on 01/05/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 1,711.04 EUR

My targets

1,779.13 EUR (+1.83%)

1,804.83 EUR (+3.30%)

My analysis

GOLD - EUR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,711.04 EUR. The next resistance located at 1,779.13 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,804.83 EUR. After this resistance, buyers could then target 1,834.12 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

Comment on the analysis

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:

Additional analysis

Quotes

The GOLD - EUR price is 1,747.24 EUR. The price registered a decrease of -0.10% on the session and was traded between 1,744.23 EUR and 1,750.56 EUR over the period. The price is currently at +0.17% from its lowest and -0.19% from its highest.

1,744.23

1,750.56

1,747.24

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

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

A technical analysis in Daily of this GOLD - EUR chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,681.89	1,711.04	1,742.59	1,747.24	1,779.13	1,804.83	1,834.12
Change (%)	-3.74%	-2.07%	-0.27%	-	+1.83%	+3.30%	+4.97%
Change	-65.35	-36.20	-4.65	-	+31.89	+57.59	+86.88
Level	Minor	Major	Major	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,726.57	1,733.57	1,741.24	1,748.24	1,755.91	1,762.91	1,770.58
Camarilla	1,744.88	1,746.22	1,747.57	1,748.91	1,750.26	1,751.60	1,752.94
Woodie	1,726.91	1,733.74	1,741.58	1,748.41	1,756.25	1,763.08	1,770.92
Fibonacci	1,733.57	1,739.17	1,742.64	1,748.24	1,753.84	1,757.31	1,762.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,659.62	1,675.04	1,690.25	1,705.67	1,720.88	1,736.30	1,751.51
Camarilla	1,697.04	1,699.85	1,702.65	1,705.46	1,708.27	1,711.08	1,713.88
Woodie	1,659.52	1,674.99	1,690.15	1,705.62	1,720.78	1,736.25	1,751.41
Fibonacci	1,675.04	1,686.74	1,693.97	1,705.67	1,717.37	1,724.60	1,736.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,609.89	1,635.25	1,670.36	1,695.72	1,730.83	1,756.19	1,791.30
Camarilla	1,688.83	1,694.37	1,699.92	1,705.46	1,711.00	1,716.55	1,722.09
Woodie	1,614.76	1,637.69	1,675.23	1,698.16	1,735.70	1,758.63	1,796.17
Fibonacci	1,635.25	1,658.35	1,672.62	1,695.72	1,718.82	1,733.09	1,756.19

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):	66.02
MACD (12,26,9):	10.9400
Directional Movement:	22.32
AROON (14):	92.86
DEMA (21):	1,723.21
Parabolic SAR (0,02-0,02-0,2):	1,685.69
Elder Ray (13):	29.66
Super Trend (3,10):	1,696.67
Zig ZAG (10):	1,747.69
VORTEX (21):	1.1600
Stochastique (14,3,5):	91.95
TEMA (21):	1,732.30
Williams %R (14):	-9.89
Chande Momentum Oscillator (20):	37.70
Repulse (5,40,3):	1.3500
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	3.64

MA7:	1,722.66
MA20:	1,705.12
MA50:	1,696.92
MA100:	1,701.29
MAexp7:	1,728.58
MAexp20:	1,711.33
MAexp50:	1,702.79
MAexp100:	1,703.67
Price / MA7:	+1.43%
Price / MA20:	+2.47%
Price / MA50:	+2.97%
Price / MA100:	+2.70%
Price / MAexp7:	+1.08%
Price / MAexp20:	+2.10%
Price / MAexp50:	+2.61%
Price / MAexp100:	+2.56%

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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