RSI XAUUSD Indicator Gold Chart Patterns and XAUUSD Trend Lines
Traders can draw xauusd trend lines on the RSI in the same way as you can draw xauusd trend lines on the gold price charts. RSI xauusd trend lines are drawn the same way xauusd trend lines are drawn on the gold chart; by joining consecutive highs of the RSI xauusd indicator or consecutive lows on the RSI xauusd Indicator.
RSI XAUUSD Trend Lines and XAUUSD Trend lines on XAUUSD Charts
RSI Gold Chart Patterns in XAUUSD
Gold RSI Chart patterns such as head and shoulders xauusd chart patterns or triangle xauusd chart patterns that are not evident on the gold price chart are often formed on this RSI xauusd indicator.
RSI xauusd indicator also often forms xauusd chart patterns such as head and shoulders or triangles xauusd chart patterns that may or may not be visible on the gold price chart. As shown on the gold chart below the Reverse Head and Shoulders reversal formation is clearly shown on this xauusd RSI indicator.
Gold Chart Patterns on RSI Gold Chart Indicator
Support and Resistance Levels Trading using RSI XAUUSD Indicator
Sometimes xauusd chart levels of support and resistance levels are demonstrated better on the RSI indicator than on the gold price chart.
In an upward xauusd market trend the support levels should not be broken at any one time, if they are broken then gold price will also break the support levels and the upward xauusd trend is going to reverse.
In a downward xauusd trend the resistance levels should not be broken, if they are broken then gold price will also break the resistance levels, and the downward xauusd trend is going to reverse.
Support and Resistance Levels on RSI XAUUSD Indicator
In the xauusd example above when the third resistance level was broken the downward xauusd trend reversed to an upward xauusd trend and when the sixth support was broken the upward xauusd market xauusd trend reversed and broke the upward xauusd trend line.