Gold Update week ending 9 August 2019

Week Ending 9 August 2019

The week is bullish, the daily is bullish.

Weekly Data.
In Bull Territory.
Price Projection: 1647
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: Broken to the high side
Price-Trend: 3.7x ATR


Daily Data for Wednesday 9 August 2019
In Bull Territory
Price Projection: 1567
HMA: Strong Bear
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1509 - 1472
Price- Trend: 2.6x ATR

Projected range for upcoming week: 1521 - 1475