Monthly Data Summary Suggests:
Current Monthly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1586.80 - 1666.75
Price Consolidation has formed between: 1451 - 1703
If GOLD is capable of maintaining the current strength as of today, the projection generated from the monthly chart is a target price of 1730
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current monthly reading of: Bullish
The RSI that monitors bearish strength has a current monthly reading of: Bullish
The strength demonstrated over the last 5 months is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1547.01 - 1626.59
Price Consolidation has formed between: 1553 - 1695
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1535 - 1554
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bull
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Gold closed the month around the 50% zone of an engulfing bar.
This is an indication of indecision regarding direction. Given that piece of information.
The BULL price projection target is: 1730. The monthly prices are still in a bull trend so that would be the strongest target.
The BEAR price projection target is: 1418.
The projections are in keeping with the consolidation zone of 1450 - 1703. So the upcoming month (April) can be a flat month (if you call moving within 250 points with a daily average of 58 points to be "flat").
STD DEV for April is: 1439 - 1709
STD DEV for 1 April is: 1512 - 1637 (reflecting all the volatility we have witnessed in the last 21 days).
Be cautious - both in trades and your own health.
-Price Prophet
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Monthly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1586.80 - 1666.75
Price Consolidation has formed between: 1451 - 1703
If GOLD is capable of maintaining the current strength as of today, the projection generated from the monthly chart is a target price of 1730
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current monthly reading of: Bullish
The RSI that monitors bearish strength has a current monthly reading of: Bullish
The strength demonstrated over the last 5 months is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1547.01 - 1626.59
Price Consolidation has formed between: 1553 - 1695
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1535 - 1554
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bull
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Gold closed the month around the 50% zone of an engulfing bar.
This is an indication of indecision regarding direction. Given that piece of information.
The BULL price projection target is: 1730. The monthly prices are still in a bull trend so that would be the strongest target.
The BEAR price projection target is: 1418.
The projections are in keeping with the consolidation zone of 1450 - 1703. So the upcoming month (April) can be a flat month (if you call moving within 250 points with a daily average of 58 points to be "flat").
STD DEV for April is: 1439 - 1709
STD DEV for 1 April is: 1512 - 1637 (reflecting all the volatility we have witnessed in the last 21 days).
Be cautious - both in trades and your own health.
-Price Prophet
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.