GOLD Volatility Forecast 7-11 November 2022
GOLD Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 2.5% which declined from 2.58% last week.
Currently according to ATR we are on 80th percentile, and according to GVZ we are on 86th percentile, indicating in both cases, that we are currently is a HIGHLY volatile market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 22.3% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 1725
BOT: 1637
This can also be translated as a 77.7% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 1681
30% chance that we are going to touch the previous low of 1616
We can see that this week our volatility is at 2.5% which declined from 2.58% last week.
Currently according to ATR we are on 80th percentile, and according to GVZ we are on 86th percentile, indicating in both cases, that we are currently is a HIGHLY volatile market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 22.3% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 1725
BOT: 1637
This can also be translated as a 77.7% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 1681
30% chance that we are going to touch the previous low of 1616
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🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔻My Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.