XAUUSD Trading RSI Divergence Meaning
RSI XAUUSD Trading Divergence XAUUSD is one of the xauusd strategy used by online gold traders to analyze chart gold price movement. RSI XAUUSD Divergence involves looking at a xauusd chart & one more gold technical indicator - RSI indicator. For our this xauusd divergence tutorials we shall use the RSI indicator - RSI XAUUSD Trading Divergence.
To spot this RSI gold divergence trading set up find two chart points at which gold price makes a new swing high or a new swing low but the RSI technical indicator does not do the same, thus indicating that there's a divergence between the gold price & momentum.
RSI XAUUSD Divergence Example:
In the gold chart below we identify two chart points, chart point Marked A and chart point Marked B (swing highs)
Then using RSI indicator we check highs made by RSI gold trading technical indicator, these are highs which are directly below the Chart points marked A & B.
We then draw one line on the gold chart and another line on the RSI indicator.
RSI XAUUSD Divergence Meaning - RSI XAUUSD Divergence Tutorial - RSI Divergence XAUUSD Strategy PDF - RSI Divergence PDF
How to trade RSI xauusd trading divergence
In order to trade RSI gold divergence setup we look for the following set-ups:
HH - Higher High - 2 highs but the last one is higher
LH - Lower High - 2 highs but the last one is lower
HL - Higher Low - 2 lows but the last one is higher
LL - Lower Low - 2 lows but the last one is lower
First let us look at the example of these gold divergence trading terms
What's RSI XAUUSD Divergence? - XAUUSD Trading RSI Divergence Tutorial
RSI XAUUSD Divergence Meaning - RSI Divergence XAUUSD Tutorial - RSI XAUUSD Divergence Strategy PDF - RSI Divergence XAUUSD PDF
There are two types of xauusd RSI divergence setups:
- RSI Classic Divergence
- RSI Hidden Divergence
