Chandes Momentum Oscillator Gold Trading Analysis and Gold Trading Signals
Developed by Tushar Chande
Chandes Momentum Oscillator measures momentum of gold.
This Indicator uses a scale ranging between +100 and -100 thus allowing the gold trader to clearly see changes in net momentum using the 0 level mark as a balance point.
Calculation
Chande momentum uses data for both up days and down days in the numerator, thereby directly measuring momentum.
The calculations are performed on unsmoothed data. This allows for short term extreme movements to be less hidden. However, smoothing can still be applied to the Oscillator.
XAUUSD Trading Analysis and Generating XAUUSD Trading Signals
Buy XAUUSD Signal
This Oscillator measures the momentum of gold price.
Levels above Zero line are considered to be bullish/buy gold signals.
The higher the indicator goes the higher the upward xauusd price momentum.
Buy Gold Trading Signal
Sell XAUUSD Signal
Levels below Zero line are considered to be bearish/buy gold signals.
The lower the indicator goes the higher the downward xauusd price momentum.
Sell Gold Trading Signal
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