What is Bullish Gold Trading Divergence?
What is Divergence Gold Definition? - Divergence is a xauusd trading setup used by Gold traders - divergence gold trading involves looking at a gold chart and a gold indicator - for example MACD indicator.
To find this divergence gold trading set-up find two chart points which xauusd price makes a new swing high or a new swing low but the MACD indicator does not do the same, this gold trading signals a divergence between xauusd price & MACD technical indicator momentum.
For a divergence xauusd trading set up we look for two chart points, two highs that form an M-shape on the gold chart or 2 lows that form a W-Shape on the xauusd chart. Then look for the same M-shape or WShape on the Gold MACD indicator.
Example of a Divergence XAUUSD Trade Setup:
In the xauusd chart below we identify 2 chart points, point A and point B (swing highs). These two chart points form an M-shape on the xauusd price chart.
Then using MACD technical indicator we check the highs made by the MACD xauusd trading technical indicator, these are highs which are direct below Chart points marked A & B.
We then draw one line on the gold chart & another line on the MACD xauusd trading technical indicator.
Divergence Gold Signals - What's Divergence XAUUSD Explanation? - What is Divergence Gold Definition?
The gold chart above shows example of hidden bearish divergence xauusd trading setup.
What is Divergence Gold?
In order to trade divergence xauusd trade signal we will look for the following:
- HH : Higher High - two highs but the last one is higher
- LH : Lower High - two highs but the last one is lower
- HL : Higher Low - two lows but the last one is higher
- LL : Lower Low - two lows but the last one is lower
Divergence Gold Trading Terms Definition: What's Divergence Gold Trading? - What is Divergence Gold?
M shapes on Gold charts dealing with XAUUSD price Highs
W Shapes on Gold charts dealing with XAUUSD price lows
What is Bearish Gold Divergence? - What is Bullish XAUUSD Trading Divergence?
What is Bearish Gold Divergence? - What is Bullish XAUUSD Trading Divergence?
What is Divergence Gold Trading? - What is Divergence Gold? - What is Bearish Gold Divergence Trading? - What's Bullish XAUUSD Divergence Trading? - What is Divergence XAUUSD Explanation? - What is Divergence Gold Definition?
