Best RSI for 15 Min XAUUSD Chart
How to Add RSI XAUUSD Indicator on MetaTrader 4
Step 1: Open Navigator Window on XAUUSD Trading Platform
Open Navigator window as shown below - Go to 'View' menu (then click it) & then choose 'Navigator' window (click), or From the Standard Tool bar click the 'Navigator' button key or press the key board shortcut keys 'Ctrl+N'
On Navigator panel, choose "Technical Indicators", (DoubleClick)
Best RSI for 1 H XAUUSD Chart - Best RSI for 1 Minute XAUUSD Chart - Best RSI for 15 Min Chart Gold
Step 2: Expand the Gold Trading Indicator Menu on the Navigator
Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the RSI indicator from this list of gold indicators so as to add the RSI indicator on the xauusd chart.
Best RSI for 1 H XAUUSD Chart - Best RSI for 1 Minute XAUUSD Chart - Best RSI for 15 Min Chart Gold
How to Add Custom RSI XAUUSD Indicator to MetaTrader 4
If the gold RSI technical indicator you want to add is a custom indicator - for example if the RSI technical indicator you want to add is a custom RSI indicator you will need to first add this custom RSI indicator on the MT4 platform & then compile custom RSI indicator so that the newly added RSI custom gold indicator pops up on the list of custom indicators on the MT4 software.
To learn how to install RSI indicators on MetaTrader 4, how to add RSI indicator window to MT4 platform and how to add RSI custom indicator in MT4 - How to add a custom RSI indicator on MetaTrader 4.
Gold Trading RSI Technical Indicator
Relative Strength Index Gold Technical Analysis and RSI Trading Signals
RSI is one of the most popular gold indicator and it is a momentum oscillator and a gold trend following indicator. RSI indicator compares a trading xauusd price movement magnitude of the recent xauusd price gains against its magnitude of recent losses xauusd price losses & plots this data on a scale of values that ranges between 0-100.
RSI indicator measures the momentum of xauusd price: technical indicator values above RSI 50 center line mark signify bullish momentum while values below RSI 50 center line mark signify bearish momentum.
Best RSI for 1 H XAUUSD Chart - Best RSI for 1 Minute XAUUSD Chart - Best RSI for 15 Min Chart Gold
- RSI is drawn as a green-line
- Horizontal dashed lines are drawn to spotting overbought and oversold levels are - RSI 70 & RSI 30 levels respectively.
RSI Gold Technical Analysis & How to Generate XAUUSD RSI Trading Signals
There are several strategies used to trade RSI, these are:
50 center-line Crossover Signals
- Buy Gold Signal - when the RSI indicator crosses above 50 a buy xauusd trade signal is given.
- Sell Gold Signal - when the RSI indicator crosses below 50 a sell xauusd trade signal is given.
Best RSI for 4 H XAUUSD Chart - Best RSI for 5 Minute XAUUSD Chart - Best RSI for Daily Chart Gold
RSI Gold Technical Indicator Trading Patterns
Traders can draw trend lines & identify xauusd chart patterns on the RSI indicator. The RSI often forms xauusd chart patterns such as head & shoulders chart pattern which might not have formed clearly on the xauusd price chart - but forms on the RSI xauusd trading technical indicator.
Trading Support & Resistance XAUUSD Price Breakouts
RSI indicator is a leading gold indicator and can be used to predict Support and Resistance Breakouts before xauusd price breaks its support and resistance level. RSI indicator uses the swing failure gold signal to predict when the price is about to break support and resistance levels.
Best RSI for 4 H XAUUSD Chart - Best RSI for 5 Minute XAUUSD Chart - Best RSI for Daily Chart Gold
Overbought & Oversold Levels on Indicator
- Overbought - RSI levels above 80
- Oversold - RSI levels below 20
These Overbought and Oversold levels can be used to generate gold signals such as when RSI turns up from below 20 after oversold is a buy signal - and sell signal is when RSI crosses to below 80 after overbought - RSI sell xauusd trade signal.
Divergence RSI XAUUSD Trading Setups
Divergence gold trading is one of the gold technical analysis strategies used to trade gold trend reversals of the xauusd price trends. There are four types of RSI divergences that can be traded with this RSI indicator explained in the gold divergence trading lesson on this learn gold website.
Best RSI for 1 H XAUUSD Chart - Best RSI for 1 Minute XAUUSD Chart - Best RSI for 15 Min XAUUSD Chart - Best RSI for 4 H XAUUSD Chart - Best RSI for 5 Minute XAUUSD Chart - Best RSI for Daily Chart Gold
