A swift evaluation is conducted based on a single day without look back.
GOLD is currently in a bull trend.
Prices are trading in a range of approximately 70.43 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 1816.47 - 1903.53.
If strength and trend continue, GOLD is trying to reach 1788.89.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 1754.36
The trend moving average: 1836.82
------Additional Comments:
Standard Deviation for following week: 1753.03 - 1966.97
Forecasted Range for following week: 1806.09 - 1885.72 (Targeted Mean = 1845.91)
GOLD is currently in a bull trend.
Prices are trading in a range of approximately 70.43 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 1816.47 - 1903.53.
If strength and trend continue, GOLD is trying to reach 1788.89.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 1754.36
The trend moving average: 1836.82
------Additional Comments:
Standard Deviation for following week: 1753.03 - 1966.97
Forecasted Range for following week: 1806.09 - 1885.72 (Targeted Mean = 1845.91)