GOLD/SILVER RATIO - 1H - Technical analysis published on 03/07/2023 (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%
6%
33%
My opinion
Bullish above 87.308 XAG
My targets
88.101 XAG (+0.355)
89.587 XAG (+1.841)
My analysis
GOLD/SILVER RATIO 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 87.308 XAG. The next resistance located at 88.101 XAG 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 89.587 XAG. After this resistance, buyers could then target 90.040 XAG. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD/SILVER RATIO price is 87.746 XAG. The price has increased by +0.02% since the last closing and was between 87.701 XAG and 87.770 XAG. This implies that the price is at +0.05% from its lowest and at -0.03% from its highest.87.701
87.770
87.746
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD/SILVER RATIO in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 85.762 | 86.379 | 87.308 | 87.746 | 88.101 | 90.040 | 93.429 |
| Change (%) | -2.26% | -1.56% | -0.50% | - | +0.40% | +2.61% | +6.48% |
| Change | -1.984 | -1.367 | -0.438 | - | +0.355 | +2.294 | +5.683 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.198 | 86.629 | 87.180 | 87.611 | 88.162 | 88.593 | 89.144 |
| Camarilla | 87.462 | 87.552 | 87.642 | 87.732 | 87.822 | 87.912 | 88.002 |
| Woodie | 86.259 | 86.659 | 87.241 | 87.641 | 88.223 | 88.623 | 89.205 |
| Fibonacci | 86.629 | 87.004 | 87.236 | 87.611 | 87.986 | 88.218 | 88.593 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.380 | 85.533 | 86.407 | 87.560 | 88.434 | 89.587 | 90.461 |
| Camarilla | 86.723 | 86.908 | 87.094 | 87.280 | 87.466 | 87.652 | 87.837 |
| Woodie | 84.240 | 85.463 | 86.267 | 87.490 | 88.294 | 89.517 | 90.321 |
| Fibonacci | 85.533 | 86.308 | 86.786 | 87.560 | 88.335 | 88.813 | 89.587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.025 | 75.514 | 81.475 | 84.964 | 90.925 | 94.414 | 100.375 |
| Camarilla | 84.836 | 85.703 | 86.569 | 87.435 | 88.301 | 89.168 | 90.034 |
| Woodie | 73.260 | 76.132 | 82.710 | 85.582 | 92.160 | 95.032 | 101.610 |
| Fibonacci | 75.514 | 79.124 | 81.354 | 84.964 | 88.574 | 90.804 | 94.414 |
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): | 57.26 | |
| MACD (12,26,9): | 0.0830 | |
| Directional Movement: | 8.953 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 87.742 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.709 | |
| Elder Ray (13): | 0.074 | |
| Super Trend (3,10): | 88.045 | |
| Zig ZAG (10): | 87.766 | |
| VORTEX (21): | 1.1020 | |
| Stochastique (14,3,5): | 65.15 | |
| TEMA (21): | 87.838 | |
| Williams %R (14): | -36.15 | |
| Chande Momentum Oscillator (20): | 0.084 | |
| Repulse (5,40,3): | -0.1670 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0090 | |
| Courbe Coppock: | 0.87 |
| MA7: | 87.573 | |
| MA20: | 85.688 | |
| MA50: | 82.112 | |
| MA100: | 81.620 | |
| MAexp7: | 87.772 | |
| MAexp20: | 87.656 | |
| MAexp50: | 87.608 | |
| MAexp100: | 87.477 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +2.40% | |
| Price / MA50: | +6.86% | |
| Price / MA100: | +7.51% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.31% |
Quotes :
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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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