Indicators can help with decision-making, both for professional investors and novices. Indicators can also be combined, as there is a lot in this area. To start with, these indicators are not always right, they can also send out false signals. There is the Hull Moving Average Arrows Indicator (HMA). It shows signals regarding trends and possible reversal points. If the arrows are pointing upwards, it seems to be a good time to buy gold.
The RSI indicator is also popular. This is because it identifies overbought and oversold conditions on the market. If the RSI is oversold (below 30), this indicates good buying conditions. The RSI can be used to underpin the strength of a trend on the gold market. The MACD divergence indicator can be used to identify trends and trend reversals. Entry and exit opportunities can thus be identified. The Fibonacci retracements, i.e. certain percentage levels at which prices on the financial markets typically correct a previous trend movement, are probably fairly well known.
Known as a powerful indicator, it can show support and resistance levels as well as reversal points. The ATR Stop Indicator is also popular. It can be used to set stop-loss levels on the gold market. The FXSSI volume indicator can also be a useful tool. It shows the strength and validity of price movements. And it can confirm breakout patterns. If the gold price overcomes important support or resistance levels and there is increased trading volume, then there is strong market participation. This indicates that the price movement is likely to continue in the direction of the breakout.
Volume can also be used to assess the strength of a trend. There are also various other indicators. Gold, with its function as a store of value and safe haven, is of great interest to investors, as are the values of gold companies. Vizsla Silver and Meridian Mining have gold in their projects.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - owns the Panuco project (gold and silver) in Mexico. Drilling recently returned excellent gold and silver grades.
In Brazil, Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - has mines containing gold, silver, copper and zinc. The Cabaçal deposit appears particularly promising.
Current company information and press releases from Vizsla Silver (- https://www.resource-capital.ch/de/unternehmen/vizsla-silver-corp/ -) and Meridian Mining (- https://www.resource-capital.ch/de/unternehmen/meridian-mining-uk-societas/ -).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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