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Building a Gold (XAUUSD) Trend Tracker with Python and SQLite

  • XAUUSD represents the cost in US dollars to purchase one ounce of gold in Forex trading.
  • Gold can be bought physically at banks or from dealers and is often used by governments to safeguard currency value.
  • XAUUSD is not tied to any specific nation, economy, or business, making it globally significant.
  • The project involves building a Gold (XAUUSD) trend tracker using Python and SQLite for data storage.
  • The extraction, transformation, and loading (ETL) process is crucial for analyzing and visualizing data.
  • TwelveData forex API is used to extract raw XAUUSD data in JSON format.
  • Pandas library is utilized for data transformation, including calculating moving averages and labeling market conditions.
  • SQLite is employed for loading the transformed data into a database for further analysis or presentation.
  • The ETL pipeline involves retrieving data, transforming it, and storing it in a SQLite database for easy access.
  • The project showcases how to handle financial data from APIs, manipulate it, and store it efficiently for analysis.

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