*** Comments prior to evaluation summary ***
Gold has been in consolidation for 10 weeks now on the weekly chart. This week generated a minor measurable even which could establish the low for the week of around 1727.67 while Friday (day chart) also indicated a desire to revisit 1760. Confirm that with a weekly minor measurable event trying to reach for 1784 and the coming week may just be the break-out week gold investors have been waiting for.
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.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 78.56 points/ticks/pips. Prices are currently 1.12x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 1658.1 and 1765.3.
While in consolidation the trade range may decrease to 48.204 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1677.25 to 1809.01 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1694.58 to 1791.68 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1784.90
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - longs closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Gold has been in consolidation for 10 weeks now on the weekly chart. This week generated a minor measurable even which could establish the low for the week of around 1727.67 while Friday (day chart) also indicated a desire to revisit 1760. Confirm that with a weekly minor measurable event trying to reach for 1784 and the coming week may just be the break-out week gold investors have been waiting for.
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.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 78.56 points/ticks/pips. Prices are currently 1.12x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 1658.1 and 1765.3.
While in consolidation the trade range may decrease to 48.204 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1677.25 to 1809.01 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1694.58 to 1791.68 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1784.90
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - longs closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades