Best Leading Technical Indicator Gold Trend Technical Indicator & Momentum Gold Technical Indicator Combination
Best combination of technical indicators PDF - Stochastic Oscillator indicator, Moving Averages gold indicator, RSI indicator & MACD technical indicator
Stochastic Oscillator technical indicator can be combined with other technical indicators to form a gold trading strategy - Buy Sell Gold Trading Signal Indicator MT4 Indicators. For our examples we will combine it with:
- RSI technical indicator
- MACD technical indicator
- Moving Averages Gold Trading Technical Indicator
Gold Technical Indicator Combination Examples 1:
Sell Gold Signal - Best Combination of Indicators for Swing Gold Trading
From our gold strategy the sell trading signal is generated when:
- Both Moving Averages are moving down
- RSI indicator is below 50
- Stochastic moving downward
- MACD indicator heading downward below centerline
Sell trading signal was generated when all these gold trading rules were met. The exit gold signal is generated when a signal in opposite direction is generated i.e. When the technical indicators reverse.
Good thing about using such a gold strategy is that we are using different types of technical indicators to confirm gold trade 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 XAUUSD Trading Technical Indicator- is a gold trend following indicator
- MACD technical indicator- is a trend following xauusd technical indicator
It is very helpful to combine more than one gold indicator, as a combination of gold trading signals is better than relying on just a single gold indicator. The xauusd technical indicator combinations reinforce each other, and cancel out false whipsaw fake out trading signals.
A trend following indicator helps a trader to see the overall picture, while using more than one momentum gold technical indicator gives better & more reliable entry and exit points for trading.
Best combination of technical gold technical indicators & their gold signals help to analyze a lot of the xauusd market activity.
Example 2:
Buy Gold Signal - Best Combination of Indicators for Swing Trading - Best XAUUSD Indicator Combination
For this gold indicator combination example the gold trend is upward, but at some point there were a few false trading signals - whipsaws generated by the stochastic oscillator gold indicator - So the question is how can a trader avoid these gold trading whipsaws?
The answer is by combining other gold technical indicators such as MACD indicator, RSI gold Indicator & Moving Averages a trader could have avoided the gold whipsaws, as shown on the xauusd trading example above MACD 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 indicator is above zero center line mark even if the MACD indicator lines are heading downwards then the trend is still upwards. As you can see from the above gold indicator combination example MACD indicator never went below zero line mark and afterwards the upward trend continued with the MACD indicator maintaining above Zero Centerline & continuing to move upward.
During ranging sideways gold trends Stochastic Oscillator Gold Indicator will give the fastest gold signals which are prone to whipsaws and this is why stochastic oscillator technical indicator is best combined with other indicators & gold signals generated are confirmed using other XAUUSD indicators to form - Best Leading Indicator Gold Trend Indicator & Momentum Gold Trading Indicator Combination - Best Combination of Gold Indicators for Swing Trading XAUUSD - Best Gold Technical Indicator Combination - Best XAUUSD Indicators for Gold Trading Strategies.
