GOLD - EUR - 1H - Technical analysis published on 11/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
17%
22%
61%
My opinion
Bullish above 1,834.23 EUR
My targets
1,868.18 EUR (+1.53%)
1,898.86 EUR (+3.20%)
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 1,834.23 EUR. The next resistance located at 1,868.18 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 1,898.86 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The GOLD - EUR price is 1,839.96 EUR. The price has increased by +0.06% since the last closing and was traded between 1,838.16 EUR and 1,842.55 EUR over the period. The price is currently at +0.10% from its lowest and -0.14% from its highest.1,838.16
1,842.55
1,839.96
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
Here is a more detailed summary of the historical variations registered by GOLD - EUR:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on GOLD - EUR were detected by the Central Volumes scanner:
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 11 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,824.24 | 1,834.23 | 1,838.69 | 1,839.96 | 1,868.18 | 1,898.86 |
| Change (%) | -0.85% | -0.31% | -0.07% | - | +1.53% | +3.20% |
| Change | -15.72 | -5.73 | -1.27 | - | +28.22 | +58.90 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 1,814.09 | 1,821.27 | 1,830.11 | 1,837.29 | 1,846.13 | 1,853.31 | 1,862.15 |
| Camarilla | 1,834.55 | 1,836.01 | 1,837.48 | 1,838.95 | 1,840.42 | 1,841.89 | 1,843.36 |
| Woodie | 1,814.92 | 1,821.69 | 1,830.94 | 1,837.71 | 1,846.96 | 1,853.73 | 1,862.98 |
| Fibonacci | 1,821.27 | 1,827.39 | 1,831.17 | 1,837.29 | 1,843.41 | 1,847.19 | 1,853.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,762.97 | 1,780.97 | 1,805.63 | 1,823.63 | 1,848.29 | 1,866.29 | 1,890.95 |
| Camarilla | 1,818.56 | 1,822.47 | 1,826.38 | 1,830.29 | 1,834.20 | 1,838.11 | 1,842.02 |
| Woodie | 1,766.30 | 1,782.64 | 1,808.96 | 1,825.30 | 1,851.62 | 1,867.96 | 1,894.28 |
| Fibonacci | 1,780.97 | 1,797.27 | 1,807.33 | 1,823.63 | 1,839.93 | 1,849.99 | 1,866.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,583.78 | 1,652.81 | 1,764.06 | 1,833.09 | 1,944.34 | 2,013.37 | 2,124.62 |
| Camarilla | 1,825.74 | 1,842.27 | 1,858.79 | 1,875.32 | 1,891.85 | 1,908.37 | 1,924.90 |
| Woodie | 1,604.90 | 1,663.37 | 1,785.18 | 1,843.65 | 1,965.46 | 2,023.93 | 2,145.74 |
| Fibonacci | 1,652.81 | 1,721.67 | 1,764.22 | 1,833.09 | 1,901.95 | 1,944.50 | 2,013.37 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.09 | |
| MACD (12,26,9): | 1.0400 | |
| Directional Movement: | 4.41 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 1,841.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,843.77 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 1,833.13 | |
| Zig ZAG (10): | 1,839.82 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 47.93 | |
| TEMA (21): | 1,840.54 | |
| Williams %R (14): | -57.56 | |
| Chande Momentum Oscillator (20): | -1.16 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1,829.63 | |
| MA20: | 1,831.95 | |
| MA50: | 1,817.84 | |
| MA100: | 1,794.01 | |
| MAexp7: | 1,840.08 | |
| MAexp20: | 1,839.47 | |
| MAexp50: | 1,836.76 | |
| MAexp100: | 1,832.97 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.44% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +2.56% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.38% |
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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