Sorry i cant agree that's its one of the best !!! At the moment it's ok because its moving sideways in a ranging motion, but the trouble with Gold is that spikes way too much and will take you out of a trade... even when you have your stop loss in the proper place.
Adribaasmet posted: Hi Kieran! Which trading indicator did you mean? Any default or custom? Actually I have very bad experience on trading indicators! Now my major is the PA trading skill.
Gold usually has an opposite correlation to the US dollar, can be used as a confirmation indicator sometimes,the Dollar index is another of many, one has to be very selective with regard to indicators,some are useful but not all the time,important to know how they work just remember if everyone is using similar there's no edge. I would use Price Action,BB,SMA ,depends on if its trending or in a range. 20% Technical, 80% Fundamental.
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