Chande Momentum Oscillator XAUUSD Technical Analysis & XAUUSD Signals

Developed by Tushar Chande

Chande Momentum Oscillator measures momentum of a xauusd.

This Indicator uses a scale ranging between +100 & -100 thus allowing the 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.

Calculations are performed on un smoothed data. This allows for short-term extreme market movements to be less hidden. However, smoothing can still be applied to Oscillator.

XAUUSD Technical Analysis & How to Generate Trading Signals

Buy XAUUSD Signal

This Oscillator measures the momentum of gold trading price.

Levels above Zero line are considered to be bullish/buy gold trade signals.

The higher the indicator goes the higher the upward gold trading price momentum.

Buy Gold Signal

Sell XAUUSD Signal

Levels below Zero line are considered to be bearish/buy gold trade signals.

The lower the indicator goes the higher the downward gold trading price momentum.

Sell Gold Signal