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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.

Chandes Momentum Oscillator XAUUSD Trading Indicator



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.


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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.


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Sell Gold Trading Signal

 

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