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DISCOUNT, EA price set to $220
Next Price is 290$
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world.
Most commonly quoted in US Dollars is (XAU/USD).
All the times in Forex, Hedge funders and big kids use gold to hedge their basket from market risk. and they use this gold as a hedge. For this reason, gold holds value well and makes it a reliable safe haven like the risk-on risk-off sentiment.
When the USD dollar gets some power, big Kids sell gold to buy US dollar and if the US get down they Buy gold to protect their assets. Generally, gold price tends to increase as stocks and bonds decline.
We are talking about safe-haven pairs on the FX market. Gold is like an alive character, a precious metal, it reacts fast to the economic news, reacts fast to change the country's policies and the Inflation expectations of the United States.
So it's not professional to trade it just with technical analysis.
When the market goes to Risk/ON - Risk OFF, US polity changes, Country bond yield changes, all the info effect on gold price.
Gold Extractor, collecting all the necessary fundamental information to make better deceision to trade.
EA use online fundamental data and US10Y and Inflation Expectations to trap gold movement using the Scalping strategy also use martingale strategy to recover loss orders.
Note: Don't forget to add news and fundamental source link on your Allow web request list for news filter and other fundamentals data
You can't backtest this EA, Because EA use online News filter to avoide bad market movement, Also EA use online fundamental data to analysis the gold movement and this online data dosn't work in backtest.
So if you need test and trust, Why you don't check the Live result
Read more about the EA: Read here
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