GOLD update for week ending 3 March 2020

Weekly Data Summary Suggests:

Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1616.40 - 1678.63
Price Consolidation has formed between: 1451 - 1703
If GOLD is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1716.87
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 83.33% are bullish and 8.33% are neutral


The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull
The strength demonstrated over the last 5 weeks is currently: Bullish

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.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1577.61 - 1655.19
Price Consolidation has formed between: 1553 - 1645
If GOLD is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1629 - 1645

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: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bullish

Comments:
Standard Deviation for the week of 6 - 10 March 2020: 1558 - 1674
Standard Deviation for Monday 6 March: 1556 - 1676

** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **