GOLD - EUR - 1H - Technical analysis published on 01/14/2022 (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:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1,590.99 EUR
My targets
1,604.22 EUR (+0.56%)
1,614.34 EUR (+1.19%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - EUR as long as the price remains well above 1,590.99 EUR. The buyers' bullish objective is set at 1,604.22 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,614.34 EUR. If there is any crossing, the next objective would be the resistance located at 1,648.73 EUR.
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
5.5
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD - EUR price is 1,595.31 EUR. On the day, this instrument gained +0.37% and was between 1,588.47 EUR and 1,596.63 EUR. This implies that the price is at +0.43% from its lowest and at -0.08% from its highest.1,588.47
1,596.63
1,595.31
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:
Near a new HIGH record (1 year)
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 bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1,581.49 | 1,587.45 | 1,590.99 | 1,595.31 | 1,597.33 | 1,604.22 | 1,608.06 |
| Change (%) | -0.87% | -0.49% | -0.27% | - | +0.13% | +0.56% | +0.80% |
| Change | -13.82 | -7.86 | -4.32 | - | +2.02 | +8.91 | +12.75 |
| Level | Intermediate | Intermediate | Minor | - | Minor | 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 | 1,565.66 | 1,573.56 | 1,581.52 | 1,589.42 | 1,597.38 | 1,605.28 | 1,613.24 |
| Camarilla | 1,585.13 | 1,586.58 | 1,588.04 | 1,589.49 | 1,590.94 | 1,592.40 | 1,593.85 |
| Woodie | 1,565.70 | 1,573.58 | 1,581.56 | 1,589.44 | 1,597.42 | 1,605.30 | 1,613.28 |
| Fibonacci | 1,573.56 | 1,579.62 | 1,583.36 | 1,589.42 | 1,595.48 | 1,599.22 | 1,605.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,528.00 | 1,551.84 | 1,566.65 | 1,590.49 | 1,605.30 | 1,629.14 | 1,643.95 |
| Camarilla | 1,570.82 | 1,574.36 | 1,577.91 | 1,581.45 | 1,584.99 | 1,588.54 | 1,592.08 |
| Woodie | 1,523.48 | 1,549.58 | 1,562.13 | 1,588.23 | 1,600.78 | 1,626.88 | 1,639.43 |
| Fibonacci | 1,551.84 | 1,566.61 | 1,575.73 | 1,590.49 | 1,605.26 | 1,614.38 | 1,629.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,513.62 | 1,534.50 | 1,571.28 | 1,592.16 | 1,628.94 | 1,649.82 | 1,686.60 |
| Camarilla | 1,592.20 | 1,597.49 | 1,602.78 | 1,608.06 | 1,613.35 | 1,618.63 | 1,623.92 |
| Woodie | 1,521.57 | 1,538.48 | 1,579.23 | 1,596.14 | 1,636.89 | 1,653.80 | 1,694.55 |
| Fibonacci | 1,534.50 | 1,556.53 | 1,570.13 | 1,592.16 | 1,614.19 | 1,627.79 | 1,649.82 |
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): | 63.89 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 5.33 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1,591.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,589.09 | |
| Elder Ray (13): | 1.63 | |
| Super Trend (3,10): | 1,585.08 | |
| Zig ZAG (10): | 1,595.33 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 60.00 | |
| TEMA (21): | 1,592.90 | |
| Williams %R (14): | -12.01 | |
| Chande Momentum Oscillator (20): | 6.40 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 1,591.47 | |
| MA20: | 1,595.02 | |
| MA50: | 1,595.23 | |
| MA100: | 1,559.82 | |
| MAexp7: | 1,592.58 | |
| MAexp20: | 1,591.63 | |
| MAexp50: | 1,592.21 | |
| MAexp100: | 1,592.79 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +2.28% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.16% |
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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