I am looking for an indicator that can detect sudden DROP IN THE PRICEof gold like those that occurred in March.

[Maurizio Lucini]

Hi, I'm using a gold market expert with an exceptional opinion of mine, whose name I won't reveal for the sake of fairness. He has only one serious weakness: he's unable to react correctly when the market experiences sharp price drops like those seen in March. I'd like to know if you know of an indicator that can detect the impending occurrence of a sharp price decline. Thanks for your help.

[Eleni Anna Branou]

Such recommendations are not allowed in this forum, you should make your own search in the Market and Codebase or post your requirements as a job in the Freelance section.

[Ryan L Johnson]

Maurizio Lucini:
Hi, I'm using a gold market expert with an exceptional opinion of mine, whose name I won't reveal for the sake of fairness. He has only one serious weakness: he's unable to react correctly when the market experiences sharp price drops like those seen in March. I'd like to know if you know of an indicator that can detect the impending occurrence of a sharp price decline. Thanks for your help.

I have to say that I have my doubts regarding the existence of any indicator that would be able to predict that gold retracement. Although gold is generally a safe haven during risk averse times, gold drops along with everything else when calamity hits all global markets. Detecting when gold is about to make that specific in-correlation reversal is likely impossible. The prevailing market consensus is that traders got spooked by oil wars having no known end date. I just don't see how an indicator could have predicted that.

I'm sure that a lot of traders got "taken to the cleaners" in that gold drop. Again, gold is a safe haven exception until it's not. If you're trading a buy-only strategy, make sure to have adequate fixed stops in place. Even a safety stop that is a "red bus" away from current price would be better than nothing. If you're looking to exploit the drop by selling, I wouldn't do that─I don't short gold... period.