GOLD Weekly Forecast 10-14 October 2022 GOLD Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 3.65% for this week, rising from the 3.56% from the last week.
Currently there is around 24.9% that the asset is going to close either above or below the channel:
TOP 1754
BOT 1634
The current volatility percentile is around 90th, placing us in very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 1.5%
AVG weekly bear candle = 1.8%
At the same time, there is currently a 70% that we will touch the high of previous weekly candle of 1730
and there is a 30% that we will touch the low of the previous week of 1660
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 70% agreement that the market is in a BEARISH trend ( the current price is below those moving averages)
