Analysis:
It appears that the Macro PVVM score for GOLD has been gradually increasing, moving from -106.27 (10/07) to 29.52 (27/07). This suggests that the long-term trend for GOLD is increasingly bullish.
The Micro PVVM score has been displaying a similar trend, generally increasing from -4.8 to 54.76 over the same period, indicating that the short-term momentum is also bullish.
The closing price of gold has been following an upward trend aligning with the increasing PVVM scores. This is an indication of the positive correlation between the PVVM scores and the closing price.
Key Takeaways:
Watch Points:
1. Be cautious of divergence between price and PVVM indicators. If the price starts decreasing while the PVVM scores remain high, it could indicate a bearish reversal.
4. If the Micro PVVM begins to decrease while the Macro PVVM remains high, it may be an indication of short-term bearish movement in a generally bullish market, signaling a potentially favorable entry point for long positions.
It appears that the Macro PVVM score for GOLD has been gradually increasing, moving from -106.27 (10/07) to 29.52 (27/07). This suggests that the long-term trend for GOLD is increasingly bullish.
The Micro PVVM score has been displaying a similar trend, generally increasing from -4.8 to 54.76 over the same period, indicating that the short-term momentum is also bullish.
The closing price of gold has been following an upward trend aligning with the increasing PVVM scores. This is an indication of the positive correlation between the PVVM scores and the closing price.
Key Takeaways:
- The upward trend in Macro and Micro PVVM scores suggests that the bullish momentum for gold is strong, both in the short-term and long-term.
- Traders should consider long positions. Entry points could be found during temporary pullbacks in the Micro PVVM, provided the Macro PVVM remains positive or stable.
Watch Points:
1. Be cautious of divergence between price and PVVM indicators. If the price starts decreasing while the PVVM scores remain high, it could indicate a bearish reversal.
4. If the Micro PVVM begins to decrease while the Macro PVVM remains high, it may be an indication of short-term bearish movement in a generally bullish market, signaling a potentially favorable entry point for long positions.