CCI Divergence Technical Indicator Gold Trading
CCI is one of the commonly and often used divergence technical indicator. This indicator is an oscillator technical indicator similar to the RSI and it can be used to trade divergence set-ups just the same way as RSI.
CCI Technical Analysis & CCI Signals
The Commodity Channel Index gauges the variation of a commodity price from its statistical average.
CCI technical indicator is an oscillator which oscillates between high areas & low levels
When the CCI is high it shows that price is unusually high when it's compared and analyzed to its average.
When the CCI is low it shows that price is unusually low when it is compared and analyzed to its average.
CCI Divergence Technical Indicator Trading
CCI Divergence Technical Indicator Gold Trading
CCI Divergence Indicator XAUUSD
Classic CCI Bullish Divergence
CCI classic bullish divergence setup occurs when the price is making/forming lower lows ( LL ), but the CCI is making/forming higher lows (HL).
XAUUSD Classic Bullish Divergence - CCI Divergence Indicator Trading
CCI classic bullish divergence warns of possible shift in the trend from downwards to upward. This is because though the price moved lower the volume of sellers that moved the price lower was less like as displayed and illustrated/shown by CCI indicator. This demonstrates under-lying weakness of the downwards trading trend.
Hidden CCI Bullish Gold Divergence
Forms when price is making/forming a higher low ( HL ), but the Commodity Channel Index indicator is forming/making a lower low (LL).
CCI hidden bullish divergence setup occurs when there a retracement in an upwards trend.
XAUUSD Hidden Bullish Divergence - CCI Divergence Indicator Trading
This setup confirms that a market retracement move is complete/exhausted. This CCI divergence trade setup shows under-lying momentum of an upwards trend.
CCI Divergence Indicator XAUUSD
Hidden CCI Bearish Divergence
Occurs when the price is forming lower high ( LH ), but the indicator is showing higher high (HH).
Hidden bearish divergence trade setup forms when there a retracement in a downwards trend.
XAUUSD Hidden Bearish Divergence - CCI Divergence Technical Indicator Trading
This setup confirms that a market retracement move is complete/exhausted. This divergence reflects strength of a downwards trend.
CCI Classic bearish Gold Divergence
CCI classic bearish divergence setup occurs when price is showing a higher high ( HH ), but the CCI is forming/making a lower high (LH).
XAUUSD Classic Bearish Divergence - CCI Divergence Technical Indicator Trading
CCI classic bearish divergence warns of possible shift in the market trend from upward to downward. This is because though the price moved higher the volume of buyers that moved price higher was less just as is displayed and illustrated by the CCI technical indicator. This demonstrates under-lying weakness of the upwards trend.
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