Re: How to Trade Gold and USD? Gold and USD Correlation
Trading Example:
The below chart shows the USD and gold price at the same time. As you see there are many cases that a support/resistance level breakout in gold is followed by a resistance/support level breakout on USD and visa versa. There are also many cases that they form an opposite signal almost at the same time, but even in those cases their signals can be used as confirmation to trade either gold or USD.
That is an interesting chart.
I can help to 'fine tune' the strategy
Link it in to a high value oscillator to confirm the exact entry.
If you start with CCI-55 as the base it will help.
I've been unable to show you a chart screengrab as my attempts have been identified as 'too big' so I must be missing something!
How to Trade Gold and USD? Gold and USD Correlation
in Fundamental Analysis
Posted
Re: How to Trade Gold and USD? Gold and USD Correlation
That is an interesting chart.I can help to 'fine tune' the strategy
Link it in to a high value oscillator to confirm the exact entry.
If you start with CCI-55 as the base it will help.
I've been unable to show you a chart screengrab as my attempts have been identified as 'too big' so I must be missing something!
TEAMTRADER
Trade what you see and not what you hear or Hope.