GOLD Weekly Volatility Analysis 5-9 Dec 2022
GOLD Weekly Volatility Analysis 5-9 Dec 2022
We can see that currently the implied volatility for this week is around 2.11%, down from 2.17% last week according to GVZ data
With this in mind, currently from ATR point of view we are located in the 0th percentile, while according to GVZ, we are on 14th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.6% movement
Bearish: 1.81% 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 22.3% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1836
BOT: 1760
Taking into consideration the previous weekly high/low, currently for this candle there is :
70% probability we are going to touch previous high of 1805(already done)
30% probability we are going to touch previous low of 1740
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 50% BULLISH trend
Daily timeframe indicates 80% BULLISH trend
4H timeframe indicates 66.3% BULLISH trend
We can see that currently the implied volatility for this week is around 2.11%, down from 2.17% last week according to GVZ data
With this in mind, currently from ATR point of view we are located in the 0th percentile, while according to GVZ, we are on 14th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.6% movement
Bearish: 1.81% 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 22.3% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1836
BOT: 1760
Taking into consideration the previous weekly high/low, currently for this candle there is :
70% probability we are going to touch previous high of 1805(already done)
30% probability we are going to touch previous low of 1740
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 50% BULLISH trend
Daily timeframe indicates 80% BULLISH trend
4H timeframe indicates 66.3% BULLISH trend
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