Currently the volatility for GOLD is at 4.46%, down from 4.48% last month. From the volatility current percentile we are located on 25th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 4.782% Bearish : 2.385%
With this in mind we have currently 73.2% that the market is going to stay within the next channel TOP Limit: 1905 BOT Limit: 1741
If we are going to take a look into the previous monthly high and low points, currently there is a : 71.08% to hit the previous monthly high 26.93% to hit the previous monthly low
Lastly from the technical analysis point of view, currently Weekly Timeframe : 80% of rating moving averages is indicating BULLISH Monthly Timeframe : 92.73% of rating moving averages is indicating BULLISH