trading my goldmeter indicator (in free links below)...........its simple really
I am looking for a weak usd and then I attack a rising Gold index
or vice versa
in a perfect world I look for the gold index (violet) to actualy breach above or below all the other grey lines (which represent the G7 currency indexes) .........this means that gold is being traded very aggressively and moving with much more momentum than the fiat currencies
a few buys and sells
Like that and use something similar my self.
I would add following indexes into that mix, should you choose to accept;
oil, treasury yields, stock, dollar and inflation.
Understanding their relationship coupled with time-lags is key imo.
Moreover, as Yellen set 2% inflation as a key target for raising rates, that's going to have a DIRECT knock on effect to all those parameters... :idea:
ok this is simpler for me to understand than the other currency meter you have!terrible Wednesday for the old shiny stuff........
heres the last few weeks .................when the Violet (raw Gold)..... line gets outside all the other grey lines (other G8 currency indexes) that means the fiat currencies are being surpassed by a move to Gold .............then I REALLY like to play gold in trades
18/19th August saw a real push on Gold leaping above other G7 currencies as the usd fell..........nice nice signal for a change
Thanks sharkyJust seen your post #130...