The Impact of Technical Analysis Indicators on Investment Decisions in Gold on the Global Stock Market (An Empirical Study)

Document Type : Original Article

Author

Arab Academy for Science, Technology and Maritime Transport

Abstract

The study demonstrated the effectiveness of the indicator developed by the researcher for using technical analysis with central points in helping Egyptian investors and gold traders make investment decisions in the gold index against the US dollar The rate of expectations or forecasting was very high as a result of those decisions, and the effectiveness of that investment had a noticeable impact on investment decisions. Technical analysis with central points helped students and graduates of Egyptian universities interested in learning the methods of technical analysis in the global stock market, where a very high rate of expectations or forecasting was achieved.

The applied results showed that there is a positive moral effect of technical analysis indicators (technical analysis with Japanese candlesticks and technical analysis with central points) on investment decisions (buying and selling) in gold on the global stock market. There is a positive moral effect of the interest rate according to the US Federal Reserve on investment decisions (buying and selling). ) In gold on the global stock market, there is a positive, non-significant effect from the technical analysis indicator with Japanese candlesticks on the interest rate according to the US Federal Reserve. There is a positive moral effect from the technical analysis indicator with central points on the interest rate according to the US Federal Reserve. The study concluded that the technical analysis index was included in the central points in the curricula for Egyptian university students.

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