DeMarks XAU/USD Technical Analysis & Range Expansion Index XAUUSD Signals
Developed by Tom DeMark.
DeMark utilized the Range Expansion Index within his trading methodology for options: this specific xauusd indicator functions as an oscillator.

DeMarks Range Expansion Index Technical Analysis
This trading oscillator works as a technical tool for timing the market. It seeks to fix issues in oscillators that claim exponential calculations but use arithmetic ones. These tools often fall behind actual market moves.
Technical Analysis and How to Generate Trading Signals
This Oscillator Indicator typically oscillates between values of -100 to +100.
Overbought Levels - Readings of +45 or higher signify overbought conditions.
Over-sold Zones - Readings of -45 or lower indicates over-sold conditions.

Overbought & Oversold Levels in Indicator
Exit Signals - DeMark suggests not trading in very over-bought areas shown by 6 or more bars over +45, leaving for buy signals occurs 6 bars after the price touches/tests +45.
Exit Signals - An exit signal for short trade positions will be generated when extreme oversold conditions are indicated by six or more bars below the -45 threshold.
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