priceprophet

GOLD evaluation of 11 June 2020

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Daily: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions

Price Action:
Daily: The average price range currently is 25.60 points/ticks/pips. Prices are currently .46x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1670.88 and 1745.59.
While in consolidation the trade range may decrease to 15.45 points/ticks/pips.


Standard Deviation
Daily: Standard deviation suggests a range from 1711.57 to 1743.2 for the follow on trading day.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Daily: Trend strength suggests a trade range of 1711.57 to 1743.21 for the following day.

Price Projection:
The price action has generated a projection signal for the underlying.
Daily: Price currently displays (if strength and attitude continue) a desire to move first toward 1735.99 before moving toward 1713.45
If strength and attitude continue, it could take between 1 - 2 trade periods (days) for the first projection and 1 - 2 to reach the second projection.

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Daily: Out of the cumulative indicators monitored, 80.00% are bullish, 0.00% are bearish, 20.00% are neutral

The CCI indicator trading strategy suggest the following:
Daily: Strongly bullish - No entries at this time. If in, consider covering..

Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bullish - Open directional trades

Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Prices are in consolidation. Do not enter into any new trades at this time. Wait for the break out of the consolidation to occur.


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