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Gold Forward Read
XAU Forward reads the dollar, the 10-year yield, and oil, then shows the part of that push gold has not priced yet. You put it on a 5-minute XAUUSD chart. The box in the top right is the live read. The columns underneath are the open gap.
How the three markets are read
The dollar and the 10-year yield normally move opposite to gold. Dollar down, or yields down, pushes gold up. Dollar up, or yields up, pushes gold down. The script checks the last 30 bars. If that link is still inverse, the row says inverse. If gold and that market have started moving the same way, the row says with and the color follows the new link. If the link is unclear, the row says weak.
Oil has no fixed direction. It only counts when those recent bars show a real link. Otherwise the oil row stays flat.
Green on a row means that market is pushing gold up right now. Red means it is pushing gold down.
What the columns are
The script adds the dollar push and the yield push, plus oil only when oil has a link. Then it subtracts the move gold has already made. What is left is the column.
A green column above the line means upside is still open. A red column below the line means downside is still open. A column on the line means the other markets are already in the price.
What the word means
LEAN LONG or LEAN SHORT is the early read. The dollar and the yield point the same way, and gold has not fully followed.
LONG or SHORT is that same read once both pushes are strong and the open gap is large.
FLAT means there is no open gap. Stand aside.
UNSTABLE means gold and the dollar are rising or falling together, so the usual lead is off. Those columns turn grey and follow gold itself. Grey is not a long and not a short.
How this helps
It tells you when a gold move still has a reason behind it. A red column into a drop means the dollar and yields were already pointing gold down, and gold had not fallen enough yet. The selloff is gold catching up. A green column into a rally is the same idea upward. When the box says FLAT, the move is already priced and there is nothing to chase. When it says UNSTABLE, the usual dollar lead is broken, so you do not force a trade.
Use it as a filter on the 5-minute chart. Act when DXY and US10Y are the same color and NEXT says LEAN, then LONG or SHORT if the column grows. Leave it alone on FLAT and UNSTABLE.
How the three markets are read
The dollar and the 10-year yield normally move opposite to gold. Dollar down, or yields down, pushes gold up. Dollar up, or yields up, pushes gold down. The script checks the last 30 bars. If that link is still inverse, the row says inverse. If gold and that market have started moving the same way, the row says with and the color follows the new link. If the link is unclear, the row says weak.
Oil has no fixed direction. It only counts when those recent bars show a real link. Otherwise the oil row stays flat.
Green on a row means that market is pushing gold up right now. Red means it is pushing gold down.
What the columns are
The script adds the dollar push and the yield push, plus oil only when oil has a link. Then it subtracts the move gold has already made. What is left is the column.
A green column above the line means upside is still open. A red column below the line means downside is still open. A column on the line means the other markets are already in the price.
What the word means
LEAN LONG or LEAN SHORT is the early read. The dollar and the yield point the same way, and gold has not fully followed.
LONG or SHORT is that same read once both pushes are strong and the open gap is large.
FLAT means there is no open gap. Stand aside.
UNSTABLE means gold and the dollar are rising or falling together, so the usual lead is off. Those columns turn grey and follow gold itself. Grey is not a long and not a short.
How this helps
It tells you when a gold move still has a reason behind it. A red column into a drop means the dollar and yields were already pointing gold down, and gold had not fallen enough yet. The selloff is gold catching up. A green column into a rally is the same idea upward. When the box says FLAT, the move is already priced and there is nothing to chase. When it says UNSTABLE, the usual dollar lead is broken, so you do not force a trade.
Use it as a filter on the 5-minute chart. Act when DXY and US10Y are the same color and NEXT says LEAN, then LONG or SHORT if the column grows. Leave it alone on FLAT and UNSTABLE.
Informacje o Wersji
The box tells you, once the candle closes, whether the dollar, the yield, or oil has already moved and gold still has room to follow. You use that word to decide if you can still enter.Put it on your XAUUSD chart, the same 5-minute chart you scalp. The word and the columns stay still while the candle is forming. They change once, when that candle closes.
What each row means
The number is that market’s push on gold from the last closed minute. Green means it is pushing gold up. Red means it is pushing gold down.
The word beside the number is the relationship measured from the hours loaded on the chart:
inverse — this market and gold normally move opposite. That is the usual dollar and yield link: dollar or yield down, gold up.
with — they are moving the same way right now, so the color follows that.
mixed — the link is weak.
prior — not enough hours are loaded yet, so dollar and yield stay on the usual inverse link. Scroll the chart left until TradingView stops loading history and this word should change.
flat on oil — oil is not linked to gold, so it is ignored.
The NOW word
ENTER LONG or ENTER SHORT — the minute already pushed, gold has not caught up, and the 5-minute and 15-minute are not going the other way. The small text names who moved (DXY, YIELD, OIL) and whether the higher timeframes agree (with 15m, 15m+1h, vs 1h, 1m only). This is the entry. Take it in that direction after the candle closes.
PRICED — those markets explain the move, and gold has already made it. Do not chase.
AGAINST — the minute says one way, the 5-minute or 15-minute says the other. Skip it.
UNCLEAR — gold is moving, and the dollar, the yield, and oil are not the reason. Skip it.
SPLIT — dollar and yield disagree. Stand aside.
UNSTABLE — gold and the dollar are moving together. The columns go grey. Not a trade.
FLAT — nothing large enough to use.
FIX DOLLAR or FIX YIELD — that symbol did not load. Paste the ticker from the same list you use for XAUUSD.
The columns are the room gold has not priced yet. A green column above the line is long room still open. A red column below the line is short room still open. Grey is not a trade. The column shrinks to the line as gold catches up, and the word becomes PRICED.
How to scalp with it
Wait for the candle to close.
Enter only on ENTER LONG or ENTER SHORT.
Prefer the ones where the small text says with 5m, with 15m, or 15m+1h. 1m only is early. vs 1h or vs 4h is the fast minute against the bigger move, so take it smaller or skip it.
If the word is anything else, do nothing.
Once it flips to PRICED, the catch-up is over. That is the place to be out, not the place to add.
It will not call every gold spike. A spike that prints UNCLEAR has no dollar, yield, or oil behind it. The useful trades are the ones where one of those three has already moved and gold is still behind.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.