Analysis and Trading Signals for XAUUSD Utilizing the Awesome Oscillator Indicator
Awesome Oscillator (AO) is a 34-period simple moving average that's drawn through the mid points of the bars (H+L)/2, and this then is subtracted from the 5-period simple moving average MA.
The Awesome Oscillator indicator explained.
Gold Technical Analysis & Generating XAUUSD Signals
Buy Signal
A buy trade signal is generated when the oscillator technical indicator crosses above the zero line.
Buy Signal
Here's another buy signal: when the indicator sits above zero, the bars flip from red to green, and the green bar climbs higher than the red, making a V or U shape. You get confirmation after you see three green bars in a row.
Buy Signal
Sell Signal
A sell signal is derived and generated once the oscillator technical crosses below Zero-line.
Sell Signal
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