GOLD - EUR - 1H - Technical analysis published on 04/28/2022 (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:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1,792.17 EUR
My targets
1,834.12 EUR (+1.89%)
1,848.28 EUR (+2.67%)
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 1,792.17 EUR. The buyers' bullish objective is set at 1,834.12 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,848.28 EUR. If there is any crossing, the next objective would be the resistance located at 1,875.43 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - EUR rating 1,800.13 EUR. The price registered an increase of +0.75% on the session with the lowest point at 1,781.25 EUR and the highest point at 1,802.12 EUR. The deviation from the price is +1.06% for the low point and -0.11% for the high point.1,781.25
1,802.12
1,800.13
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD - EUR:
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
Technical analysis of GOLD - EUR in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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 | 1,769.32 | 1,779.01 | 1,792.17 | 1,800.13 | 1,803.29 | 1,834.12 | 1,848.28 |
| Change (%) | -1.71% | -1.17% | -0.44% | - | +0.18% | +1.89% | +2.67% |
| Change | -30.81 | -21.12 | -7.96 | - | +3.16 | +33.99 | +48.15 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 1,750.81 | 1,764.42 | 1,775.57 | 1,789.18 | 1,800.33 | 1,813.94 | 1,825.09 |
| Camarilla | 1,779.91 | 1,782.18 | 1,784.45 | 1,786.72 | 1,788.99 | 1,791.26 | 1,793.53 |
| Woodie | 1,749.58 | 1,763.81 | 1,774.34 | 1,788.57 | 1,799.10 | 1,813.33 | 1,823.86 |
| Fibonacci | 1,764.42 | 1,773.88 | 1,779.72 | 1,789.18 | 1,798.64 | 1,804.48 | 1,813.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,692.89 | 1,735.95 | 1,762.30 | 1,805.36 | 1,831.71 | 1,874.77 | 1,901.12 |
| Camarilla | 1,769.56 | 1,775.93 | 1,782.29 | 1,788.65 | 1,795.01 | 1,801.38 | 1,807.74 |
| Woodie | 1,684.54 | 1,731.77 | 1,753.95 | 1,801.18 | 1,823.36 | 1,870.59 | 1,892.77 |
| Fibonacci | 1,735.95 | 1,762.47 | 1,778.85 | 1,805.36 | 1,831.88 | 1,848.26 | 1,874.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,458.85 | 1,578.19 | 1,663.65 | 1,782.99 | 1,868.45 | 1,987.79 | 2,073.25 |
| Camarilla | 1,692.79 | 1,711.56 | 1,730.34 | 1,749.11 | 1,767.88 | 1,786.66 | 1,805.43 |
| Woodie | 1,441.91 | 1,569.72 | 1,646.71 | 1,774.52 | 1,851.51 | 1,979.32 | 2,056.31 |
| Fibonacci | 1,578.19 | 1,656.42 | 1,704.76 | 1,782.99 | 1,861.22 | 1,909.56 | 1,987.79 |
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): | 64.79 | |
| MACD (12,26,9): | 2.9700 | |
| Directional Movement: | 3.76 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1,795.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,786.45 | |
| Elder Ray (13): | 3.52 | |
| Super Trend (3,10): | 1,781.23 | |
| Zig ZAG (10): | 1,800.63 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 86.16 | |
| TEMA (21): | 1,797.29 | |
| Williams %R (14): | -7.24 | |
| Chande Momentum Oscillator (20): | 15.78 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.03 |
| MA7: | 1,791.92 | |
| MA20: | 1,789.14 | |
| MA50: | 1,765.08 | |
| MA100: | 1,683.07 | |
| MAexp7: | 1,796.08 | |
| MAexp20: | 1,791.88 | |
| MAexp50: | 1,788.73 | |
| MAexp100: | 1,789.29 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | +1.99% | |
| Price / MA100: | +6.96% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.61% |
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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