Awesome Oscillator XAUUSD Technical Analysis and Awesome Oscillator XAUUSD Signals

Awesome Oscillator (AO) is a 34-period simple moving average that is drawn through the middle points of the bars (H+L)/2, and then this is subtracted from the 5-period simple moving average.

Awesome Oscillator

XAUUSD Technical Analysis and Generating XAUUSD Signals

Buy signal

A buy xauusd signal generated once the oscillator moves above the Zero line.

Buy XAUUSD Signal

Another buy xauusd signal generated when indicator is above the Zero mark and the color of the bars change from red to green and the green bar is higher than the red bar forming a V or U shape. The signal is confirmed after three green bars are formed.

Buy signal

Sell signal

A sell xauusd signal is generated once the oscillator moves below the Zero line.

Sell XAUUSD Signal