GOLD update for 24 February 2020
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1659.16 - 1682.40
No Conolidation Exists at this time
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1757.68
The prices have moved 4.00 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Bullish
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
Expecting an adjustment bar/candle to the projection calculations today (25 Feb). So the price projection may become adjusted.
1 STD DEV for 25 Feb is: 1633.33 - 1684.98 (if we return to normal trading).
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1659.16 - 1682.40
No Conolidation Exists at this time
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1757.68
The prices have moved 4.00 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Bullish
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
Expecting an adjustment bar/candle to the projection calculations today (25 Feb). So the price projection may become adjusted.
1 STD DEV for 25 Feb is: 1633.33 - 1684.98 (if we return to normal trading).
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
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