For trading purposes I prefer silver for volatility. I use gold for direction. and sometimes - as happened this week - you will see short term divergences which make nice set ups for 1-2 day silver trades.

I use RSI, Chaikan, and % price. I haven't validated them for anything other then silver/gold but to answer your question (looking now):

there is no chaikan calculation for $XEU. RSI entering oversold territory which is often a nice time to enter a trade. $XEU well within the envelope - it appears to nearly always trade in the envelope. Most importantly perhaps, the fast oscillator is outrunning the slow oscillator with both with a positive slope.

I don't have any interest in trading currency, but if I did the gap on 11/26 screams buy. It pushed through the 50 day which was already in golden territory while the RSI crossed 50 and the fast oscillator crossed over the slow, although still negative.

Looking at the weekly there isn't much confirmation for this trade. The index just pushed through the upper bound of the envelope and is up against resistance. I would suggest that the likeliest technical outcome is either a downward retracement or a sidewise move into the envelope before possibly continuing upward. A move above 134 would be enough to convince me of a continuing uptrend.

Above all though, this doesn't look like a trade that could net more than 10% over a year. Not worth the risk, IMO.

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this is just me applying the tools I use to trades I don't make. I wouldn't call anything I just wrote actionable.