Chandes Momentum Oscillator Gold Trading Analysis & Gold Trading Signals
Developed by Tushar Chande
Chandes Momentum Oscillator measures momentum of gold.
This Indicator uses a scale ranging between +100 & -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 & 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 Analysis & How to Generate Signals
Buy XAUUSD Signal
This Oscillator measures the momentum of xauusd trading price.
Levels above Zero line are considered to be bullish/buy xauusd trade signals.
The higher the indicator goes the higher the upward xauusd trading price momentum.
Buy Gold Trading Signal
Sell XAUUSD Signal
Levels below Zero line are considered to be bearish/buy xauusd trade signals.
The lower the indicator goes the higher the downward xauusd trading price momentum.
Sell Gold Trading Signal
