GOLD update for 3 October 2019
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.
Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made.
The anticipated upcoming trade range is between 1489.37 - 1521.59
Price Consolidation has formed between: 1459.23 - 1555.33
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1533.31
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bull
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
** 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.
Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made.
The anticipated upcoming trade range is between 1489.37 - 1521.59
Price Consolidation has formed between: 1459.23 - 1555.33
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1533.31
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bull
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **