GOLD update for 8 October 2019

TVC:GOLD   CFDs on Gold (US$ / OZ)
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 1494.35 - 1520.99
Price Consolidation has formed between: 1459.23 - 1555.33
If IXIC is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 7726.83

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 daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
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. **
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