This chart overlay provides the daily 9 SMA of Gold. If the price of GOLD is ABOVE the 9 SMA then the line will be GOLD If the price of GOLD is BELOW the 9 SMA then the line will be RED
A good way to use this overlay is by understanding how Gold effects currency pairs.
if GOLD is BULLISH - then AUD/USD is BULLISH if GOLD is BULLISH - then NZD/USD is BULLISH if GOLD is BULLISH - then EUR/USD is BULLISH
if GOLD is BULLISH - then USD is bearish if GOLD is BULLISH - then USD/CHF is BEARISH if GOLD is BULLISH - then USD/CAD is BEARISH
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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