Best Leading Technical Indicator XAUUSD Trend Indicator & Momentum XAUUSD Trading Indicator Combination
Best combination of technical indicators Course - Stochastic Oscillator indicator, Moving Averages indicator, RSI technical indicator and MACD technical indicator
Stochastic Oscillator technical indicator can be combined with other technical indicators to form a gold strategy - Buy Sell Gold Signal Indicator MetaTrader 4 Indicators. For our examples we will combine it with:
- RSI technical indicator
- MACD technical indicator
- Moving Averages XAUUSD Trading Technical Indicator
Gold Technical Indicator Combination Examples 1:
Sell XAUUSD Day Trading Signal - Best Combination of Indicators for Day XAUUSD Day Trading
From our gold trading strategy the sell xauusd trade signal gets generated when:
- Both Moving Averages are moving down
- RSI technical indicator is below 50
- Stochastic moving downward
- MACD technical indicator heading downward below centerline
Sell trading signal was generated when all these gold day trading rules were met. The exit gold day trading signal is generated when a signal in opposite direction is generated i.e. When the technical indicators reverse.
The thing about using such a gold day trading strategy is that we are using different types of technical indicators to confirm gold signals & avoid as many whip saws as possible in the process.
- Stochastic - is a momentum oscillator
- RSI technical indicator- is a momentum oscillator
- Moving Averages Gold Trading Technical Indicator- is a gold trend following indicator
- MACD technical indicator- is a trend following technical indicator
It is very helpful to combine more than one gold day trading indicator, as a combination of gold day signals is better than relying on just a single technical indicator. The indicator combinations reinforce each other, and cancel out false whip saw fake-out trading signals.
A trend following indicator helps a trader to see the overall picture, while using more than one momentum technical technical indicator gives better & more reliable entry and exit points for trading.
Best combination of technical gold indicators and their gold trading signals help to interpret a lot of the xauusd market activity.
Example 2:
Buy Gold Signal - Best XAUUSD Indicator Combination
For this indicator combination examples the gold trend is upward, but at some point there were a few false signals - whipsaws generated by the stochastic oscillator technical gold indicator - So the question is how can a trader avoid these gold day trading whipsaws?
The answer is by combining other gold technical indicators such as MACD technical indicator, RSI gold Indicator and Moving Averages a trader could have avoided the gold whipsaws, as shown on the xauusd trading example above MACD technical technical indicator had not given a gold crossover gold signal although it was very close to the zero center-line mark, at the same time the momentum at which the moving averages indicators turned was not decisive so as to signal a decisive gold trend reversal.
As long as MACD technical indicator is above zero center line mark even if the MACD technical indicator lines are heading downwards then the trend is still upwards. As you can see from the above technical indicator combination example MACD gold day technical indicator never went below zero line mark & afterwards the upwards trend continued with the MACD technical indicator maintaining above Zero Centerline & continuing to move upwards.
During ranging sideways gold trends Stochastic Oscillator Gold Indicator will give the fastest gold trading signals which are prone to whipsaws & this is why stochastic oscillator technical indicator is best combined with other gold day indicators and gold signals generated are confirmed using other XAUUSD indicators to form - Best Leading Indicator Gold Trend Indicator and Momentum Gold Technical Indicator Combination - Best Combination of Gold Indicators for Day Trading XAUUSD - Best Gold Technical Indicator Combination - Best XAUUSD Indicators for XAUUSD Day Trading Gold Strategies.
