priceprophet

WTI Update for week ending 6 September 2019

TVC:GOLD   CFDs on Gold (US$ / OZ)
Week update for week ending 6 September 2019
In Bull territory.

Projected range for upcoming week 1533.77 - 1486.70
Price Projection:
HMA: Bull
Bull RSI: Bullish
Bear RSI: Bullish
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 1480 - 1555.35
Price-Trend: 2.34x ATR

Daily for 6 September 2019
In Bear territory.

Price Projection: 1487.48
HMA: Bear
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Neutral Bull
5 RSI: Negative
Consolidation: In Consolidation between 1472.41 - 1555.33
Price-Trend: .24x ATR


Comments: A change of chart views. Trying to clean-up the data view I present.
Weekly is showing stall and consolidation. Now at 2.34x the ATR from the trend. Getting nearer to the average. Still more "stall" for the coming week.
Daily appeared to have got hammered, but prices had to move. Still in the consolidation range that had established the week prior. So nothing new or surprising.

What am I showing on this new( ish ) chart?
Daily: Enough bearish strength has enter to see a move to the consolidation low of 1472.
Weekly: Stalled, but still strongly bullish .

** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
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