GOLD Update for week ending 30 August 2019

Weekly Price:Trend ratio is still very high. 3x the ATR. Price stall during the week possible while waiting for the prices to return to the averages.

Week update for week ending 30 August 2019
In Bull territory.

Projected range for upcoming week 1520.34 - 1501.23
Price Projection:
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Bullish
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 1480 - 1555.35
Price-Trend: 3.10x ATR (anticipate a stall while waiting for the MAs to catch up)

Daily for 30 August 2019
In Bear territory.

Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bearish
5 RSI: Negative
Consolidation: Broken to the low
Price-Trend: .22x ATR


** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **