GOLD January 2023 Volatility Analysis

GOLD January 2023 Volatility Analysis

Currently the volatility for GOLD is at 4.46%, down from 4.48% last month.
From the volatility current percentile we are located on 25th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 4.782%
Bearish : 2.385%

With this in mind we have currently 73.2% that the market is going to stay within the next channel
TOP Limit: 1905
BOT Limit: 1741

If we are going to take a look into the previous monthly high and low points, currently there is a :
71.08% to hit the previous monthly high
26.93% to hit the previous monthly low

Lastly from the technical analysis point of view, currently
Weekly Timeframe : 80% of rating moving averages is indicating BULLISH
Monthly Timeframe : 92.73% of rating moving averages is indicating BULLISH