GOLD Update week ending 16 August 2019

Week Ending 16 August 2019

The week is bullish, the daily is bullish.

Projected range for upcoming week: 1494 - 1550

Weekly Data.
In Bull Territory.
Price Projection: Daily Only
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: None
Price-Trend: 3.69x ATR (over 3x ATR away from Trend, expect stall)


Daily Data for Wednesday 16 August 2019
In Bull Territory
Price Projection: 1563.47
HMA: Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1472 - 1535
Price- Trend: 1.88x ATR