XAUUSD Trading RSI Divergence Definition
RSI XAUUSD 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 Gold Divergence.
To spot this RSI XAUUSD 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 - XAUUSD Trading Bullish Divergence RSI - XAUUSD Trading Bearish Divergence RSI - How Accurate is RSI Divergence XAUUSD
How to trade RSI XAUUSD Divergence
In order to trade RSI XAUUSD Divergence setup we look for the following setups:
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 XAUUSD Divergence trading terms
What's RSI XAUUSD Divergence? - XAUUSD RSI Divergence Described
RSI Gold Divergence Definition - RSI Divergence XAUUSD Explained - RSI XAUUSD Divergence Strategy PDF - RSI Divergence XAUUSD PDF
There are two types of xauusd RSI divergence setups:
- RSI Classic Divergence
- RSI Hidden Divergence
