Gold FX Round Number Reversal + CME Volume

Overview

This indicator focuses on price reversals at round numbers in Gold (XAUUSD) and combines them with CME Gold Futures (COMEX: GC) volume data to generate high-quality trading signals.

Instead of relying on FX tick volume, this script uses CME futures volume, which better reflects real market participation and helps filter out false reversal signals.

Trading Logic

Signals are generated only on confirmed candles when all of the following conditions are met.

1. Round Number Interaction

Round numbers are calculated based on a user-defined USD interval (e.g., every $10).

Price must touch the round number:

From above for potential buys

From below for potential sells

2. Price Action Confirmation

Engulfing candle patterns are used as confirmation:

Bullish engulfing for Buy signals

Bearish engulfing for Sell signals

3. CME Volume Filter

CME Gold Futures volume is compared to its moving average (default: 20).

Signals are allowed only when current volume is below its moving average,
indicating reduced momentum and a higher probability of reversal.

4. Confirmed Candles Only

Signals are plotted only after the candle is closed.

No repainting or premature signals.

Visual Signals

Buy Signal

Candle color: neon green

“Buy” label plotted below the candle

Sell Signal

Candle color: pink

“Sell” label plotted above the candle

This design allows quick visual identification of potential reversal zones.

Alerts

Separate alert conditions for Buy and Sell signals

Compatible with email, app notifications, and webhooks

Alerts trigger only on confirmed candles to avoid false notifications

Intended Use

Gold FX (XAUUSD) reversal trading

Round number + volume + price action confluence

Decision support for discretionary trading

This indicator is designed as an analytical tool, not as a standalone trading system.