GOLD - EUR - 1H - Technical analysis published on 07/22/2022 (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%
0%
22%
My opinion
Bullish above 1,663.44 EUR
My targets
1,701.66 EUR (+1.01%)
1,710.03 EUR (+1.51%)
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 1,663.44 EUR. The next resistance located at 1,701.66 EUR is the next bullish target 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 1,710.03 EUR. After this resistance, buyers could then target 1,727.93 EUR.
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
6.4
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - EUR rating 1,684.57 EUR. The price has increased by +0.21% since the last closing and was between 1,680.36 EUR and 1,686.78 EUR. This implies that the price is at +0.25% from its lowest and at -0.13% from its highest.1,680.36
1,686.78
1,684.57
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish. 71.43% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,648.44 | 1,663.44 | 1,681.36 | 1,684.57 | 1,701.66 | 1,710.03 | 1,727.93 |
| Change (%) | -2.14% | -1.25% | -0.19% | - | +1.01% | +1.51% | +2.57% |
| Change | -36.13 | -21.13 | -3.21 | - | +17.09 | +25.46 | +43.36 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,614.73 | 1,629.65 | 1,655.39 | 1,670.31 | 1,696.05 | 1,710.97 | 1,736.71 |
| Camarilla | 1,669.95 | 1,673.68 | 1,677.40 | 1,681.13 | 1,684.86 | 1,688.58 | 1,692.31 |
| Woodie | 1,620.14 | 1,632.36 | 1,660.80 | 1,673.02 | 1,701.46 | 1,713.68 | 1,742.12 |
| Fibonacci | 1,629.65 | 1,645.18 | 1,654.78 | 1,670.31 | 1,685.84 | 1,695.44 | 1,710.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,621.38 | 1,654.55 | 1,674.01 | 1,707.18 | 1,726.64 | 1,759.81 | 1,779.27 |
| Camarilla | 1,679.00 | 1,683.82 | 1,688.65 | 1,693.47 | 1,698.29 | 1,703.12 | 1,707.94 |
| Woodie | 1,614.53 | 1,651.12 | 1,667.16 | 1,703.75 | 1,719.79 | 1,756.38 | 1,772.42 |
| Fibonacci | 1,654.55 | 1,674.66 | 1,687.08 | 1,707.18 | 1,727.29 | 1,739.71 | 1,759.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,605.44 | 1,655.35 | 1,689.79 | 1,739.70 | 1,774.14 | 1,824.05 | 1,858.49 |
| Camarilla | 1,701.03 | 1,708.77 | 1,716.50 | 1,724.23 | 1,731.96 | 1,739.69 | 1,747.43 |
| Woodie | 1,597.71 | 1,651.48 | 1,682.06 | 1,735.83 | 1,766.41 | 1,820.18 | 1,850.76 |
| Fibonacci | 1,655.35 | 1,687.57 | 1,707.48 | 1,739.70 | 1,771.92 | 1,791.83 | 1,824.05 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.96 | |
| MACD (12,26,9): | 4.6200 | |
| Directional Movement: | 18.92 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1,684.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,680.19 | |
| Elder Ray (13): | 4.20 | |
| Super Trend (3,10): | 1,674.59 | |
| Zig ZAG (10): | 1,686.09 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 1,687.43 | |
| Williams %R (14): | -11.20 | |
| Chande Momentum Oscillator (20): | 3.36 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.09 |
| MA7: | 1,683.94 | |
| MA20: | 1,710.44 | |
| MA50: | 1,726.65 | |
| MA100: | 1,753.31 | |
| MAexp7: | 1,683.19 | |
| MAexp20: | 1,678.64 | |
| MAexp50: | 1,674.79 | |
| MAexp100: | 1,678.72 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -1.51% | |
| Price / MA50: | -2.44% | |
| Price / MA100: | -3.92% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.35% |
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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