priceprophet

GOLD Month End Evaluation

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.
Monthly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions

Price Action:
Monthly: The average price range currently is 85.94 points/ticks/pips. Prices are currently 2.82x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
While in consolidation the trade range may decrease to 52.53 points/ticks/pips.


Standard Deviation
Monthly: Standard deviation suggests a range from 1541.73 to 1830.53 for the following month.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Monthly: Trend strength suggests a trade range of 1686.13 to 1772.07 for the following month.

Price Projection:
The price action has generated a projection signal for the underlying.
Monthly: Monthly: Prices are not currently generating projection signals.Price currently displays (if strength and attitude continue) a desire to move first toward 1797.33 before moving toward 1869.43
If strength and attitude continue, it could take between 4 - 8 trade periods (months) for the first projection and 4 - 8 to reach the second projection.

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Monthly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral

The CCI indicator trading strategy suggest the following:
Monthly: Very strongly bullish - long entries.

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


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