GOLD update for week ending 14 February 2020
Weekly Data Summary Suggests:
Current Weekly 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 1583.60 - 1618.94
Price Consolidation has formed between: 1536.11 - 1611.34
If GOLD is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1612.17
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 83.33% are bullish and 8.33% are neutral
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 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: Bullish
Daily Data Summary Suggests:
Current Daily 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 1576.04 - 1593.91
Prices have broken through the consolidation high
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1595.56
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: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
** 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 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 1583.60 - 1618.94
Price Consolidation has formed between: 1536.11 - 1611.34
If GOLD is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1612.17
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 83.33% are bullish and 8.33% are neutral
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 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: Bullish
Daily Data Summary Suggests:
Current Daily 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 1576.04 - 1593.91
Prices have broken through the consolidation high
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1595.56
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: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **