Monthly: The oscillator has signs of bearish divergence, so we cannot forecast the price to get above the upper Bollinger envelope (2216.9). Support is at 2062.8 (middle Bollinger band), where the index is likely to eventually get to.
Weekly: we confirm resistance 2216.9 at the upper Bollinger band, because growth is taking place against weak and correctibg ADX. Support is at 2112.7 (middle band)
Daily: this week horizontal flat is also possible (within Bollinger bands): 2166.6 - 2191.8
The main scenario - flat 2166.6-2191.8
The alternative scenario - growth to 2216.9 followed by correction 2112.7
Solutions: Sell trades from 2216.9 to 2112.7 is the best possible solution
Monthly: Bollinger envelope are still getting narrow: markets are obviously accumulating the potential (or else stabilize at current prices). Locally, the price remains to be around at the middle Bollinger band (50.05)
Weekly: shaped levels of support and resistance - 41.8\52.33
Daily: ADX is active and aggressive, so the price may get up to the upper Bollinger band (52.33). Support also is higher - 43.42 (the bottom Bollinger band)
The main scenario - a direct growth to 52.33
The alternative scenario - drop to 43.42 and then the price may get up 52.33
Solutions: Buy to 52.33 (the best possible solution - on correction from around 43.42).
Monthly: ADX is still in the trend active zone, promising buyers 1562.59 per ounce in the long run.
Weekly: Here ADX is going through correction, so the price will be stay in the upper Bollinger envelope (1295.05 - 1387.00)
Daily: a better shaped range for this week - 1307.79 - 1361.12
Expectations: flat 1307.79-1361.12
Solutions: search for trading signals within 1307.79 - 1361.12
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