GOLD Volatility Analysis 21-25 Nov 2022

21 nov 2022

GOLD Volatility Analysis 21-25 Nov 2022

We can see that currently the implied volatility for this week is around 2.44%, UP from 2.42% last week according to GVZ data
(GOLD Volatility Index )

With this in mind, currently from ATR point of view we are located in the 34th percentile, while according to GVZ, we are on 27h percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.7% movement
Bearish: 1.76% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 23.6% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1792
BOT: 1708

Taking into consideration the previous weekly high/low, currently for this candle there is :
66% probability we are going to touch previous low of 1747(already hit)
30% probability we are going to touch previous high of 1785


Lastly, from the technical analysis point of view, currently 7% of the weekly moving averages are in a bearish trend, and
a combination of moving averages and oscillators are in 1% bullish stance