DeMarker XAUUSD Technical Analysis and DeMarker XAUUSD Signals
Developed by Tom Demark.
This xauusd indicator is designed to overcome the general shortcomings of traditional overbought and oversold technical indicators.
The DeMarker is used by XAUUSD traders to predict potential market bottoms and tops by utilizing gold price data comparisons from one bar to the next.
XAUUSD Technical Analysis and Generating XAUUSD Signals
This xauusd indicator is interpreted in the same way as other overbought / oversold indicators. The overbought level is marked at 70 while oversold is marked at 30.
Bullish Reversal XAUUSD Signal - When the DeMarker falls below 30, the bullish gold price reversal should be expected.
Bearish Reversal XAUUSD Signal - When the DeMarker rises above 70, the bearish gold price reversal should be expected.
If you use longer time frames to draw the Demarker, you will get to catch the long term market trends. If you use the short time frame based on shorter periods you can enter the xauusd market at the point where the risk is minimum and you can plan the time of transaction so that it is within the major XAUUSD trend.