Stock Information for GOLD - 3h

#GOLD #3h #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals -2 (out of +/-100). The model ensemble suggests trading will neither be attractive or unattractive. The synthetic directional indicator equals 8 (out of +/-100). The model ensemble suggests the market will move sideways in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 124 candles. The market is currently bullish, appreciating by 2.0% 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 0.2463% in the next candle, the price will fluctuate around 2678.41 and with 95.0% probability will not go below 2667.56 or above 2689.26.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 2678.58 and with 95.0% probability will not go below 2666.69 or above 2689.93.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 2678.57 and with 95.0% probability will not go below 2666.74 or above 2689.98.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 2712.29 and with 95.0% probability will not go below 2398.17 or above 2855.29.

  • Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 2663.37 at the level of 50.0%. The nearest Fibonacci resistance is 2693.28 at the level of 61.8%.

  • Fibonacci with five retracements: the price is likely to rebound upward from the nearest Fibonacci support of 2663.37 at the level of 50.0%. The nearest Fibonacci resistance 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 2693.28 at the level of 61.8%. The nearest Fibonacci support is 2633.46 at the level of 38.2%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 2679.9 and with 95.0% probability will not go below 2665.04 or above 2686.67.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.0004% in the next candle, the price will fluctuate around 2678.21 and with 95.0% probability will not go below 2660.61 or above 2695.78.

  • AR model at confidence level 95.0%: the AR model forecasts a return of -0.0004% in the next candle, the price will fluctuate around 2678.21 and with 95.0% probability will not go below 2665.78 or above 2690.64.

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