GOLD Weekly Volatility Analysis 9-13 Jan 2023

We can see that currently the implied volatility for this week is 2.25%

With this in mind, currently from ATR point of view we are located in the 0th percentile.

Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
*For calculations, I am using the data since 2022*
Bullish: 1.6% movement
Bearish: 1.8% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 22.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1910
BOT: 1821

Taking into consideration the previous weekly high/low, currently for this candle there is :
79% probability we are going to touch previous weekly high(already done)
29.27% probability we are going to touch previous weekly low

Lastly, from the technical analysis point of view, currently from
Daily timeframe indicates 92.86% BULLISH trend from the moving averages index
Weekly timeframe indicates 92.86% BULLISH trend from the moving averages index
Monthly timeframe indicates 92.86% BULLISH trend from the moving averages index