This is an excerpt from the Parallax Report, originally published the week of October 15. For more information, please visit @themacrostrat.
"Unlike the usual relationship between volatility and equities, gold and gold volatility trade in tandem; and gold volatility (GVX) continues to grind lower since gold failed to gain momentum above $1,550 which is trending neatly within a descending channel.
If we breakdown gold volatility further, when the standard deviation spikes above 1 with the 30-day ROC trending lower, we see lower gold prices. The ROC is maintaining negative territory while the volatility sigma continues to slide lower."
Nar-term TACVOL range is 1520/1474.
"Unlike the usual relationship between volatility and equities, gold and gold volatility trade in tandem; and gold volatility (GVX) continues to grind lower since gold failed to gain momentum above $1,550 which is trending neatly within a descending channel.
If we breakdown gold volatility further, when the standard deviation spikes above 1 with the 30-day ROC trending lower, we see lower gold prices. The ROC is maintaining negative territory while the volatility sigma continues to slide lower."
Nar-term TACVOL range is 1520/1474.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.