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I want to share the data we use for the next trading sessions.
Gold closed at $1,563.20. On the left of the chart are the daily numbers. The automated algorithm that we use, the Variable Changing Price Momentum Indicator (VC PMI), identified the average price coming into this week as $1,557. The extreme daily level above the mean or Sell 1 level is $1,567 and the second level above the mean (Sell 2) is $1,574. The extreme daily level below the mean or Buy 1 level is $1,550 and the Buy 2 level is $1,540.