Best RSI for 15 Min XAUUSD Chart

How to Add RSI Indicator in MT4

Step 1: Open Navigator Window on XAUUSD Software

Open Navigator panel window as shown below - Go to 'View' menu (then click it) & then select 'Navigator' panel (press), or From the Standard Tool-Bar click 'Navigator' button or press the key-board shortcut keys 'Ctrl+N'

On Navigator panel, select "Indicators", (DoublePress)

Best RSI for H1 Chart - Best RSI for 1 Minute XAUUSD Chart - Best RSI for 15 Minute Chart Gold

Step 2: Expand Technical Indicator Menu on the Navigator

Expand 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 - choose the RSI indicator from this list of technical indicators so that to add the RSI indicator onto the chart.

Best RSI for H1 Chart - Best RSI for 1 Minute XAUUSD Chart - Best RSI for 15 Minute Chart XAUUSD

How to Add Custom RSI Indicator to MT4

If the RSI indicator you want to add is a custom indicator - for example if the RSI indicator you as the trader 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 indicator pops up on the list of custom technical indicators on the Meta Trader 4 platform.

To learn how to install RSI on MT4, 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 MT4.

Gold RSI Technical Indicator

Relative Strength Index Analysis and RSI Trading Signals

RSI is one of most popular indicator and it is a momentum oscillator & a trend following indicator. RSI indicator compares a trading price movement magnitude of recent price gains against the magnitude of recent losses price losses and plots this data on a scale of values that ranges between 0-100.

RSI indicator measures the momentum of price: indicator values above RSI 50 center line mark signify bullish momentum while values below RSI 50 center line mark signify bearish momentum.

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• 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 Analysis and How to Generate XAUUSD RSI Trading Signals

There are different strategies used to trade RSI, these are:

50 center-line Cross over Signals

• Buy Signal - when the RSI indicator crosses above 50 a buy signal is given.
• Sell Trading Signal - when the RSI crosses below 50 a sell trading signal is given.

Best RSI for H4 XAUUSD Chart - Best RSI for 5 Minute XAUUSD Chart - Best RSI Settings for Day Trading Chart Gold

RSI Indicator Trading Setups

Traders can draw trendlines and identify patterns on the RSI indicator. The RSI often forms patterns such as head & shoulders pattern which might not have formed clearly on the price chart - but forms on the RSI indicator.

Trading Support & Resistance XAUUSD Price Break-outs

RSI indicator is a leading indicator and can be used to predict Support & Resistance Breakouts before price breaks its support and resistance zone. RSI uses the swing failure gold signal to predict when the price is about to break support and resistance zones.

Best RSI for H4 XAUUSD Chart - Best RSI for 5 Minute Gold Chart - Best RSI Settings for Day Trade Chart XAUUSD

Overbought & Oversold Levels on Technical Indicator

• Over-bought - RSI levels above 80
• Oversold - RSI levels below 20

The Overbought and Oversold levels can be used to generate 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 trade signal.

Divergence RSI Setups

Divergence trading is one of trading analysis strategies used to trade trend reversals of the price trends. There are four types of RSI divergences that can be traded with this RSI indicator explained in the divergence trading lesson on this learn web site.

Best RSI for H1 Chart - Best RSI for 1 Minute XAUUSD Chart - Best RSI for 15 Minutes XAUUSD Chart - Best RSI for 4 H Chart - Best RSI for 5 Minute XAUUSD Chart - Best RSI Settings for Day Trade Chart Gold

More Topics and Lessons:

• How Does 1:300 XAU USD Leverage Work?
• Stochastic Oscillator Bullish & Bearish Gold Divergence Setup
• Chart Pattern Explained with Examples
• Best XAU/USD Brokers XAU USD Platforms for Beginners
• Technical Indicator MT4 Gold Trade Software
• Learn Gold Analysis for Beginners
• RSI XAU/USD Strategies for Beginners
• How to Create a XAU USD Plan Using a Written Gold Plan