Read a Gold Price Trend
How to Analyze XAUUSD Price Trend
Traders can identify a gold trend using a xauusd trading system that has 3 xauusd indicators - Moving Average Crossover System, RSI & MACD and using simple rules to define the xauusd trend. The gold trading rules are:
Upwards Gold Trend
Both Moving Averages Moving Up
RSI above 50
MACD Above Center line
Downwards XAUUSD Trend
Both Moving Averages Moving Down
RSI below 50
MACD Below Center line
Traders can then writedown the rules of the xauusd system and use this gold rules to define a gold trend which they will then trade.
Example of Gold Rules to Define a Gold Trend - Trading Gold Define A Gold Price Trend
Example of a Gold Price Trend on a Gold Price Chart
Example of a Gold Price Trend on a Gold Price Chart - How to Trade a Gold Price Trend?
Read a Gold Price Trend