Gold Prices closed down -7.150 at 1,203.360. Volume was 8,900% above average (trending) and Bollinger Bands were 48% narrower than normal.
Open High Low Close Volume
1,210.460 1,213.200 1,197.730 1,203.360 19,060
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 1,202.92 1,173.13 1,263.95
Volatility: 13 13 17
Volume: 1,906 381 95
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
Gold is currently 4.8% below its 200-period moving average and it is in an upward trend. Our volume indicators reflect very strong flows of volume out of Gold (bearish). Our trend forecasting oscillators are currently bullish on Gold and have had this outlook for the last 23 periods.
Momentum Indicators Support this Outlook
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
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