Average weekly trading range in 2022 as of after week 42: USD 57.
This is an updated weekly chart of the Spot Gold prices in USD from post every Friday. It is created from a modified formula of week's open high low and close to identify a clear picture of the ongoing trend. Now, scroll down to the Monthly chart to see the even longer perspective.
After week 42, Gold is making a lower high and a lower low. Pressuring to the downside on a weekly scale. Only trades established well above USD 1.673 could potentially rule out further weakness for the medium term.
After week 40, Goldmarkets are seeing a higher high and a higher low on a weekly basis. This is a positive for strengthening prices to come. Trading below USD 1.660 again could make this scenario fail.
After week 34, Gold is trending lower represented through the latest weekly lower low and lower high.
After week 33, there is a lower high and a lower low on a weekly scale for Gold. This is indicating weakness going forward. Trading above USD 1.772 could renew strength.
After week 32, a Blue higher low and higher high above USD 1.800 on a weekly scale. This is indicating strength rather than weakness.
After week 28, weakness continues to prevail. Markets do what markets want even though seasonality should have seen strength. There is no change to current downward pressure until at least getting back above USD 1.802.
After week 25, markets are forming a Red inside bar on a weekly scale. Trading below USD 1.815 or above USD 1.851 will most likely trigger further direction.
After week 24, Goldprices are lower marked by the lower low and the Red bar this week. Trading above USD 1.880 again could change the current weaker trend.
After week 21, there is an inside bar and a quite narrow tradingrange for this latest week. Trading above 1.870 or below 1.842 could trigger further direction.
After week 20, Goldprices are continuing lower on a weekly scale. Trading above USD 1.876 could potentially change the current weakness.
After week 18, the latest RED bar is making a lower low and lower high indicating weakness on a weekly scale.
After week 17, Gold is showing a lower low and a lower high indicating weakness on a weekly scale.
After week 16, an outside bar in Blue is coming through on a weekly scale. Even though it's Blue of colour the close of the week was more weak than strong.
After week 15, Easter 
. Gold is seeing a higher high and a higher low. This is a positive for higher prices to potentially come.
After week 14, A Red inside bar post last week's lower low and lower high. The rading range is narrow and awaiting a break in either direction.
After week 12, Gold is seeing a lower low and a lower high. This is weak rather than strong.
After week 11, the latest bar is containing a lower low and a lower high. This is weakness and against present seasonality which is strong.
After week 10, Gold is making a higher high well above USD 2.000 and a higher low from last week. A daily close above the magical 2.000 remains to be seen.
After week 09, Gold is having a higher low on a weekly scale, but stalling the higher high. The latest bar is Blue indicating strenth rather than weakness.
After week 08, Gold is actually - 0.4% this past week. The latest weekly bar is showing a higher high and higher low indicating more strength to come. Seasonality turned weak this week so be aware of potential weakness and stalling prices. Low 1.849 and high 1.974.
After week 07, just like Silver, Gold is making a Blue higher high and a higher low on a weekly scale indicating higher prices to come.
After week 06, Gold prices are trading 3% higher and the weekly chart is telling us a new attempt to go higher is underway. A higher high and a higher low signals strength and USD 1.807 is the low keep in mind if the rally fails.
After week 05, Gold prices are looking heavy through the latest red weekly bar. Markets 'must' quickly back above USD 1.816 in order to gain the renewed strength to go higher.
After week 04, Gold prices are much weaker rather than expected seasonality stronger. The weak close to the week made the metal see a lower low after marginally making a higher high on the weekly scale. In order to regain week 3 momentum, Gold should get going to the upside quickly, or much lower prices could appear boosting a counter-seasonality-trend.
After week 03, Gold prices are showing strength above former USD 1.830 resistance. A higher low and a higher high on a weekly scale is indicating higher prices to come and in conjunction to the present seasonality trend.
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