23 January 2019
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^XAU PHLX Gold and Silver Index and ^DJI Dow Jones Industrial Average Index Correlation
Study the correlation of both US stock Index.
Study chart of ^XAU and ^DJI Index.
PHLX Gold and Silver Index goes from high to low, low to high and high to low again. From high near 90 level to low at 40 level, and goes from low at 40 level to the high above 110 level, and goes from the high 110 to the low at 80 level.
Dow Jones Industrial Average Index also goes from low to high, from below 22,000 level to 26,500 level. The price action test 26,500 level again.
Compare both ^XAU and ^DJI, see chart for more.
Trade with eyes open.
Moses Stock Analysis
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.