GOLD 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 3.66%
This is translated into 68$ from the current point.
So lets imagine that GOLD is going open Monday candle around 1845
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 1845 + 68 -> aprox 1913
BOT 1845 - 68 -> aprox 1777
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 2.75% => 50$
TOP 1845 + 50 -> aprox 1895
BOT 1845 - 50 -> aprox 1795
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SILVER 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 6.93%
This is translated into 1.5$ from the current point.
So lets imagine that SILVER is going open Monday candle around 21.7
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 21.7 + 1.5 -> aprox 23.2
BOT 21.7 - 1.5 -> aprox 20.2
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 5.2% => 1.1$
TOP 21.7 + 1.1 -> aprox 22.8
BOT 21.7 - 1.1 -> aprox 20.6
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We can based on the last month analysis, that the current volatility is around 3.66%
This is translated into 68$ from the current point.
So lets imagine that GOLD is going open Monday candle around 1845
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 1845 + 68 -> aprox 1913
BOT 1845 - 68 -> aprox 1777
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 2.75% => 50$
TOP 1845 + 50 -> aprox 1895
BOT 1845 - 50 -> aprox 1795
--------------------------------------------------------------------------------------------------------------------
SILVER 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 6.93%
This is translated into 1.5$ from the current point.
So lets imagine that SILVER is going open Monday candle around 21.7
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 21.7 + 1.5 -> aprox 23.2
BOT 21.7 - 1.5 -> aprox 20.2
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 5.2% => 1.1$
TOP 21.7 + 1.1 -> aprox 22.8
BOT 21.7 - 1.1 -> aprox 20.6
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🔻Blog: soon*
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🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: soon*
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔻Website: soon*
🔻Blog: soon*
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: soon*
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.