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.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1460.78 - 1526.50
No Conolidation Exists at this time
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 - 1422
Out of the combined (weekly & daily) indicators monitored, 83.33% are bearish, 8.33% 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: Neutral Bear
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bear
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 1497.34 - 1498.70
Price Consolidation has formed between: 1451.41 - 1597.91
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1536
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: Bearish
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:
STD DEV for March 23 - 27: 1441 - 1556
STD DEV for Monday March 23: 1434 - 1563
Going out on a limb here and going to call immediate bottom of 1406 - 1422.
It won't be all that stable as America is now facing the virus and it is the numbers of infected/dead that come from here that can force the markets further down.
** 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.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1460.78 - 1526.50
No Conolidation Exists at this time
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 - 1422
Out of the combined (weekly & daily) indicators monitored, 83.33% are bearish, 8.33% 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: Neutral Bear
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bear
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 1497.34 - 1498.70
Price Consolidation has formed between: 1451.41 - 1597.91
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1536
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: Bearish
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:
STD DEV for March 23 - 27: 1441 - 1556
STD DEV for Monday March 23: 1434 - 1563
Going out on a limb here and going to call immediate bottom of 1406 - 1422.
It won't be all that stable as America is now facing the virus and it is the numbers of infected/dead that come from here that can force the markets further down.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **