From my analysis TVC:GOLD reacts very "violently" to any change in TVC:DXY , though sometimes it doesn't and other times there is a lag that allows one to predict a move in gold. What dxy will do in the short term will sometimes determine the price of gold short term. No point in shorting if DXY is falling and vice versa. Always follow dxy to be on the safe...
For the past 2 months I tested a scalping strategy using the Stoch RSI oscilator for OANDA:XAUUSD . Basically, it consisted in entering a position, short or long, whenever the Stoch RSI crossed the signal above (shorting) or bellow (long) the overbought /oversold zones with very tight SL, waiting until the Stoch RSI gave me a clear trend change signal. I tried...