This is 8:30 US earning(good), nonfarm payroll(bad) and gold futures price behavior. Can anyone explain why gold price moving according to the macro data? My feeling is 5-minute bar is too slow for macro event, 1-minute or 10second bar may be reasonable. Any idea?
he chart is Gold futures price chart this morning after nonfarm payroll.
Mia Alissi
Here's the corrected version of the code snippet for adding gold futures with second resolution in QuantConnect:
This setup allows you to capture high-frequency data for gold futures, enabling you to respond more quickly to macroeconomic events.
Sources: Gold Market Timing, Prediction on Futures Contango, US Future Options - QuantConnect.com
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Yu Qing Huang
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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