Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made.
The anticipated upcoming trade range is between 1494.61 - 1555.44
Prices have broken through the consolidation low
If GOLD is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1406.99
Out of the combined (weekly & daily) indicators monitored, 66.67% are bearish, 25.00% are bullish and 8.33% are neutral
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Bullish
The strength demonstrated over the last 5 weeks is currently: Bearish
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 Bearish Sentiment is present.
The anticipated upcoming trade range is between 1502.33 - 1549.79
No Conolidation Exists at this time
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1316
The prices have moved 2.23 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has caused the STD DEV calculation to widen quite a bit.
STD DEV for week of 16 - 20 March: 1471 - 1587
STD DEV for Monday March 16: 1492 - 1563
Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made.
The anticipated upcoming trade range is between 1494.61 - 1555.44
Prices have broken through the consolidation low
If GOLD is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1406.99
Out of the combined (weekly & daily) indicators monitored, 66.67% are bearish, 25.00% are bullish and 8.33% are neutral
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Bullish
The strength demonstrated over the last 5 weeks is currently: Bearish
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 Bearish Sentiment is present.
The anticipated upcoming trade range is between 1502.33 - 1549.79
No Conolidation Exists at this time
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1316
The prices have moved 2.23 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has caused the STD DEV calculation to widen quite a bit.
STD DEV for week of 16 - 20 March: 1471 - 1587
STD DEV for Monday March 16: 1492 - 1563
Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target.
** 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.