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William Percent R XAUUSD Technical Analysis and William Percent R XAUUSD Signals

Williams %R Technical XAUUSD Indicator Developed by Larry Williams


Williams %R indicator is pronounced as Williams percent R indicator. Williams %R Technical Gold Indicator is a momentum oscillator used to analyze overbought and oversold levels in the gold markets.


The Williams % Range oscillator is similar to the Stochastic Oscillator indicator, apart from that fact that the %R is drawn upside down on a negative scale that is from 0 to -100 and the indicator does not apply a smoothing factor.

Williams %R, Percent R Technical XAUUSD Indicator

Williams %R, Percent R Technical Gold Indicator - XAUUSD Indicators


The Williams %R indicator analyzes the association of the closing xauusd prices relative to the High and Low range over a selected number of n candlesticks.



  • The closer the closing gold price of a candlestick is to the highest high of the range selected the closer to zero the %R reading will be.

  • The closer the closing gold price of a candlestick is to the lowest low of the range selected the closer to -100 the %R reading will be.


When doing technical analysis a xauusd trader should ignore the minus sign placed before the value, for example -40, the - sign should be ignored, just remember the indictor values are placed in an upside down manner.



  • At zero: If the closing gold price of the candlestick is equal to the highest high of the range the William %R reading will be 0.

  • At -100: if the closing gold price of the candlestick is equal to the lowest low of the range the William %R reading will be -100.


William Percent R Technical XAUUSD Indicator


Oversold/Overbought Levels


  • Overbought- Williams %R values from 0 to -20 are considered overbought while

  • Oversold- Williams %R values from -80 to -100 are considered oversold.


As for trading overbought/oversold levels it is best to wait for a xauusd to change direction before taking a signal in the opposite direction. For Example if a xauusd is oversold it is best to wait for the xauusd trend to reverse and start to head in an upward direction before buying the xauusd.


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XAUUSD Trend Reversal XAUUSD Signals

The William %R indicator used to predict a xauusd trend reversal xauusd signal when trading a xauusd. The Williams %R indicator always predict a reversal using the following method


Bearish Reversal XAUUSD Signal- William Percent Range indicator forms a peak and turns down a few days before the gold price xauusd trend peaks and turns down. The example shown below shows %R giving a reversal xauusd signal before gold price starts to head down and change to a down gold trend.

William Percent Range Indicator

Bearish Reversal XAUUSD Signal after XAUUSD Trading Uptrend



Bullish Reversal XAUUSD Signal- William Percent Range indicator forms a trough and turns up a few days before the gold price xauusd trend bottoms and turns up.

William Percent Range Indicator

Bullish Reversal XAUUSD Signal after XAUUSD Trading Downtrend

 

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