Gold Technical Analysis Dec 09 2023
Gold Technical Analysis Dec 09, 2023 using Commodity Channel Index.
Welcome to Pete’s investing updates
in this strategy edition we will be talking about trading using the Commodity Channel Index Indicator with a weighted moving average, and applying a % Gain and Average Down approach.
#Gold #sharetrading #averagedown #MovingAverage #CCI #CommodityChannelIndex #divergence
Become a PetesInvesting Patreon member with weekly scans on
https://www.patreon.com/petesinvesting
Mult MA Oscillator strategy
https://youtu.be/u7gC6uFLskM
Pete's Multiple Indicator Indicator
https://youtu.be/2uGsgJ54DNw?si=qk7Ylq8R7Lw2LNNS
Don't forget...
First always remember to review petesinvesting channel playlists
Updated every weekend I look at the charts of some select blue chip shares as well as some key world sharemarket indices.
As always click on the SUBSCRIBE button as well as the NOTIFICATION bell and LIKE this video to support this channel.
If you want me to review an Index a share, a commodity or a FOREX pair, put it in the comments and I'll cover it in a future video
Things
to consider:
•We track and trade on a Daily chart since we want to back test and see results of trades back during the GFC as well as Covid effects.
•We track and back test Revenue over Drawdown requirements
(as a %) to optimize our returns with less exposure.
•Brokerage is included in our back testing. I use $8 per transaction each time we buy or sell. Revenue shown may change slightly depending on your brokerage costs.
•Our Back testing transacts with $2,000 per trade. ie everytime you purchase $2k worth of shares in the instrument you want to invest.
To increase Revenue (ie returns) simply increase this. But beware this will also increase your Drawdown, so ensure you factor in this with your money management strategy.
Lets get started
Remember...
Don't forget to subscribe / LIKE and hit the notification bell and review the PETESINVESTING channel playlists for further reference.
-
11:47
Petes Investing
8 hours agoIs This a Turning Point for world markets?
25 -
10:33
Space Ice
18 hours agoSteven Seagal's The Patriot Is So Bad It Revolutionized Medicine Forever - Worst Movie Ever
21.5K17 -
22:37
Degenerate Plays
16 hours agoI'm Looking Respectfully 👀 - Stellar Blade : Part 8
21.1K2 -
8:08
Film Threat
9 hours agoDEADPOOL & WOLVERINE FINAL TRAILER REACTION! | Film Threat Reactions!
25.4K10 -
12:06
GameLeap RAID Shadow Legends
17 hours ago8 RARE Champions You MUST MAX LEVEL - Raid: Shadow Legends Best Rares 2024
22.8K2 -
33:09
CarlCrusher
13 hours agoSHOCKING NEW Evidence Found Searching for Lost UFO In Search of the Nevada Skinwalker Portal
27.2K1 -
2:33:41
Crime Circus
15 hours agoINTERROGATION of SlCK KlLLER who Confesses!! SUCCESSFUL Police Interrogation!
22.2K3 -
1:04:49
Talk Nerdy 2 Us
20 hours agoGlobal Shutdown Alert: Was the Microsoft Hack Just the Beginning of a Worldwide Cyber Conspiracy?
55.8K19 -
6:26
Guns & Gadgets 2nd Amendment News
1 day agoGovernment Spying On Gun Owners Through Credit Cards (Backdoor Registry)
19.9K8 -
1:00:20
Man in America
16 hours ago🔴 LIVE: DISTURBING Connections Between CrowdStrike, Trump Shooting & Blackrock
77.3K344