Stock Information for GOLD - 3h

#GOLD #3h #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 10 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals -17 (out of +/-100). The model ensemble suggests the market will tend to be bearish in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 183 candles. The market is currently bullish, appreciating by 6.0% during the latest phase.

Elliot Waves * Elliot Waves: The market's trend has changed and currently goes down.

  • Elliot Waves Settings: Elliot Waves were updated. The current wavelength is 5.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.3153% in the next candle, the price will fluctuate around 2778.59 and with 95.0% probability will not go below 2764.18 or above 2792.99.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 2778.58 and with 95.0% probability will not go below 2766.49 or above 2790.41.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 2778.62 and with 95.0% probability will not go below 2766.86 or above 2790.49.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 2842.17 and with 95.0% probability will not go below 2392.74 or above 3018.14.

  • Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 2790.07 at the level of 100.0%. The nearest Fibonacci support is 2730.25 at the level of 76.4%.

  • Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 2790.07 at the level of 100.0%. The nearest Fibonacci support is 2693.28 at the level of 61.8%.

  • Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 2790.07 at the level of 100.0%. The nearest Fibonacci support is 2693.28 at the level of 61.8%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 2780.34 and with 95.0% probability will not go below 2764.75 or above 2786.44.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.001% in the next candle, the price will fluctuate around 2778.06 and with 95.0% probability will not go below 2760.2 or above 2795.93.

  • AR model at confidence level 95.0%: the AR model forecasts a return of -0.001% in the next candle, the price will fluctuate around 2778.06 and with 95.0% probability will not go below 2765.42 or above 2790.7.

Stability Indicators * Generalised extreme value: According to the indicator, the market is unstable

  • Power law: According to the indicator, the stability of the market is uncertain

  • Student degrees of freedom: According to the indicator, the stability of the market is uncertain

  • Tukey lambda: According to the indicator, the stability of the market is uncertain

Seasonality test * Seasonality test: According to the generalised seasonality test, there are no seasonal effects on the market.

Distribution analysis * Best-fit distribution: Best-fit distribution has changed, and now it is Laplace

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Not investment advice.

#GOLD #3h #trading #Distribution analysis