GOLD Volatility Forecast 7-11 November 2022

GOLD Volatility Forecast 7-11 November 2022

We can see that this week our volatility is at 2.5% which declined from 2.58% last week.
Currently according to ATR we are on 80th percentile, and according to GVZ we are on 86th percentile, indicating in both cases, that we are currently is a HIGHLY volatile market.

Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 22.3% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 1725
BOT: 1637
This can also be translated as a 77.7% chance that the market is going to move within this established range.


At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 1681
30% chance that we are going to touch the previous low of 1616