Best Leading Technical Indicator Gold Trend Technical Indicator and Momentum Gold Technical Indicator Combination
Best combination of technical indicators PDF - Stochastic Oscillator gold indicator, Moving Averages gold indicator, RSI gold indicator and MACD gold technical indicator
Stochastic Oscillator gold indicator can be combined with other indicators to form a gold trading strategy - Buy Sell Gold Trading Signal Indicator MetaTrader 4 XAUUSD Indicators. For our example we will combine it with:
- RSI xauusd technical indicator
- MACD xauusd technical indicator
- Moving Averages Gold Trading Technical Indicator
Gold Indicator Combination Example 1:
Sell Gold Trading Signal - Best Combination of Indicators for Swing Gold Trading
From our gold trading strategy the sell signal is generated when:
- Both Moving Averages are moving down
- RSI gold indicator is below 50
- Stochastic heading downwards
- MACD gold indicator moving downwards below center-line
The sell signal was generated when all these gold trading rules were met. The exit gold signal is generated when a signal in the opposite direction is generated i.e. When the gold technical indicators reverse.
The good thing about using such a gold trading strategy is that we are using different types of gold technical indicators to confirm gold trade signals and avoid as many whipsaws as possible in the process.
- Stochastic - is a momentum oscillator
- RSI xauusd technical indicator- is a momentum oscillator
- Moving Averages XAUUSD Trading Technical Indicator- is a gold trend following indicator
- MACD xauusd technical indicator- is a trend following xauusd technical indicator
It is very useful 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 gold trader to see the overall picture, while using more than one momentum gold indicator gives better and more reliable entry & exit points for trading.
Best combination of technical gold technical indicators and 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 upwards, but at some point there were a few false signals - whipsaws generated by the stochastic oscillator gold indicator - So the question is how can a gold trader avoid these gold trading whipsaws?
The answer is by combining other gold technical indicators such as MACD gold indicator, RSI gold Indicator and Moving Averages a gold trader could have avoided the gold whipsaws, as shown on the xauusd trading example above MACD gold 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 gold indicator is above zero center line mark even if the MACD gold indicator lines are heading downwards then the trend is still upwards. As you can see from the above gold indicator combination example MACD gold indicator never went below zero line mark and afterwards the upward trend continued with the MACD gold indicator maintaining above Zero Center line and continuing to move upwards.
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 gold 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 Swing Trading XAUUSD - Best Gold Indicator Combination - Best XAUUSD Indicators for Gold Trading Strategies.
