Stock Information for GOLD - 3h

#GOLD #3h #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 15 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals 30 (out of +/-100). The model ensemble predicts that the market will be bullish in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 147 candles. The market is currently bullish, appreciating by 3.0% 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 55.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.262% in the next candle, the price will fluctuate around 2697.46 and with 95.0% probability will not go below 2685.84 or above 2709.09.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 2697.58 and with 95.0% probability will not go below 2685.69 or above 2709.25.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 2697.59 and with 95.0% probability will not go below 2685.9 or above 2709.32.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 2744.37 and with 95.0% probability will not go below 2356.41 or above 2903.77.

  • Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 2693.28 at the level of 61.8%. The nearest Fibonacci resistance is 2730.25 at the level of 76.4%.

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

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

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 2699.11 and with 95.0% probability will not go below 2684.01 or above 2705.31.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of 0.0415% in the next candle, the price will fluctuate around 2698.36 and with 95.0% probability will not go below 2680.94 or above 2715.76.

  • AR model at confidence level 95.0%: the AR model forecasts a return of 0.0415% in the next candle, the price will fluctuate around 2698.36 and with 95.0% probability will not go below 2686.04 or above 2710.66.

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