I have developed a simple app that reads news related to Gold (XAUUSD) and uses the NLTK library to calculate the market sentiment. The sentiment is represented by a number between -100 and 100, where 0 indicates a neutral market, -100 indicates a strong bearish market, and 100 indicates a strong bullish market.
Currently, the app is showing a sentiment score of +78%, which indicates a strong bullish market and suggests that Gold prices are likely to increase further. This sentiment indicator can be used to determine the fundamental outlook of the market and can serve as a filter in our trading. For instance, if our FxMath AI Trader Gold EA wants to open a long position but the sentiment score shows a strong bearish market, the EA will not open the trade or may close some existing positions.
To keep our community updated, I will configure the app to automatically post the sentiment score frequently in our Telegram group (https://t.me/FxMathAI) and on our Twitter account. This will help our followers stay informed about the market sentiment and make better trading decisions.
Currently, the app is showing a sentiment score of +78%, which indicates a strong bullish market and suggests that Gold prices are likely to increase further. This sentiment indicator can be used to determine the fundamental outlook of the market and can serve as a filter in our trading. For instance, if our FxMath AI Trader Gold EA wants to open a long position but the sentiment score shows a strong bearish market, the EA will not open the trade or may close some existing positions.
To keep our community updated, I will configure the app to automatically post the sentiment score frequently in our Telegram group (https://t.me/FxMathAI) and on our Twitter account. This will help our followers stay informed about the market sentiment and make better trading decisions.
https://t.me/FxMathAI