GOLD Weekly Volatility Forecast 31/10 - 04/11 2022

GOLD Weekly Volatility Forecast 31/10 - 04/11 2022

Currently the volatility for this week is around 3.65% , up from expected 1.7% last week.
According to ATR calculation, currently the volatility is located around 90th percentile.

Under this circumstances the expected movement of the candle is :
BEAR : 1.78% from the opening point of the weekly candle
BULL : 1.51% from the opening point of the weekly candle

At the same time, currently there is 26.8% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 1672
BOT: 1617

Lastly, taking into account the previous weekly high and low there is a :
30% chance that we are going to touch the previous week high
70% chance that we are going to touch the previous week low