Moving averages (EMA)
See the trend at a glance
A moving average shows the trend at a glance.
EMA 20 and EMA 50 on gold
The 20 and 50 period exponential moving averages on the 1-hour gold chart show the trend at a glance.
How to use
- Price above both: uptrend bias
- Price below both: downtrend bias
- Pullbacks to the EMA = possible entries
Price above both averages means an uptrend bias. Below both, a downtrend bias. Pullbacks to the average can be entries.
Careful
- In a range, EMAs whipsaw
- Use with structure, not alone
In a sideways market moving averages whipsaw, so use them with structure.
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.