GOLD Volatility Forecast 19-24 Sep 2022

GOLD Volatility Forecast 19-24 Sep 2022

The current implied volatility is +-36.6$ from the current opening of the weekly candle, 1674$

With this in mind, we have a 80% chance that the market is going to stay within the range:
TOP: 1711
BOT: 1637


At the same time, we can see that the average weekly candle, is around 1.5 - 1.75%

From the technical analysis POV, we can see that our asset is above EMA 50/100/200.

From the volume POV, we can see that currently CMF level is on the negative side, indicading a stronger seller positions.

I believe we are to go towards 1650 initially, where probably we are going to meet some resistence, but if we manage to break this part, probably we can go twaords 1640 - 1630.