This benchmark shows a real-time overview of the technical analysis for the selected timeframe. Summary Gold Spot/USD is based on the most popular technical indicators such as moving averages, oscillators and pivots. We use the above mentioned instruments at GOLD-Signals.net to produce Technical Analysis with a high success rate.
Today we are describing or explaining the Oscillator - BEARS POWER
The Bears Power oscillator, created by Alexander Elder, assesses the variance between the lowest price and a 13-day Exponential Moving Average (EMA), visualized as a histogram. When the Bears Power indicator registers below zero, it signifies that sellers successfully pushed the price below the EMA. Conversely, when the Bears Power indicator appears above zero, it denotes that buyers managed to maintain the lowest price above the EMA. Bears Power operates as an entirely unbounded oscillator, anchored at a base value of 0, devoid of any upper or lower bounds. Typically, traders amalgamate this indicator with other signals for a comprehensive analysis.