CCI in the daily chart has turned up and it’s above zero on the daily chart. With FOMC coming up Wednesday and a guaranteed rate cut Gold May head up to $1450. Currently gold is at $1420.88. Recommending a buy. Risk management is your responsibility.
Going long or short based on CCI value
Short when CCI is <-100
Long when CCI is > +100
Confirm Short position with Negative AO value
Confirm Long position with Positive AO value
Manage position with reasonable trailing stop