GOLD - EUR
GOLD - EUR
- EUR (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAUEUR
ISIN:

GOLD - EUR - 1H - Technical analysis published on 01/14/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
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.

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.

Central Gaps

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 an element:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on GOLD - EUR were detected by the Central Volumes scanner:

Central Volumes

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:

Central Indicators

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:

Central Indicators

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard1,565.661,573.561,581.521,589.421,597.381,605.281,613.24
Camarilla1,585.131,586.581,588.041,589.491,590.941,592.401,593.85
Woodie1,565.701,573.581,581.561,589.441,597.421,605.301,613.28
Fibonacci1,573.561,579.621,583.361,589.421,595.481,599.221,605.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,528.001,551.841,566.651,590.491,605.301,629.141,643.95
Camarilla1,570.821,574.361,577.911,581.451,584.991,588.541,592.08
Woodie1,523.481,549.581,562.131,588.231,600.781,626.881,639.43
Fibonacci1,551.841,566.611,575.731,590.491,605.261,614.381,629.14


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,513.621,534.501,571.281,592.161,628.941,649.821,686.60
Camarilla1,592.201,597.491,602.781,608.061,613.351,618.631,623.92
Woodie1,521.571,538.481,579.231,596.141,636.891,653.801,694.55
Fibonacci1,534.501,556.531,570.131,592.161,614.191,627.791,649.82

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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