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Does MACD Agree on GC and MGC? (5-minute Charts)

Educational reference. Measured from recorded market data through September 4, 2026. Not a forecast.

MACD measures momentum, as the distance between two moving averages. This page asks a narrower question than the price comparison: when MACD moves on Gold, does it move the same way on Micro Gold?

Bars where MACD moved on both8,783
… and moved the same direction8,540  (97.2%)
Price correlation, same period+0.428
MACD agrees more than price does. Prices correlate at +0.428, yet this reading matches 97.2% of the time. It is tracking something the two markets share beyond direction.
A LiveCharts.AI chart with several indicator panels

Why this is not the same as the price question

Two markets can move together while their momentum, trend strength or volatility do not. A reading that agrees far less than price suggests is exactly where one market is losing steam while the other keeps going — and a reading that agrees more is tracking something shared that direction alone does not capture.

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