RSI Gold Indicator Chart Patterns and Gold Trend Lines

Traders can draw gold trend lines on the RSI in the same way as you can draw gold trend lines on the xauusd price charts. RSI gold trend lines are drawn the same way gold trend lines are drawn on the gold chart; by joining consecutive highs of the RSI gold indicator or consecutive lows on the RSI gold trading Indicator.

RSI Gold Trend Lines and Gold Trend lines on Gold Charts

RSI XAUUSD Chart Patterns in XAUUSD Trading

RSI Chart patterns such as head and shoulders xauusd chart patterns or triangle xauusd chart patterns that are not evident on the xauusd price chart are often formed on this RSI gold indicator.

RSI gold indicator also often forms xauusd chart patterns such as head and shoulders or triangles xauusd chart patterns that may or may not be visible on the xauusd price chart. As shown on the gold chart below the Reverse Head and Shoulders reversal formation is clearly shown on this gold trading RSI indicator.

Gold Chart Patterns on RSI Gold Chart Indicator

Support and Resistance Levels Trading using RSI XAUUSD Indicator

Sometimes gold chart levels of support and resistance levels are demonstrated better on the RSI indicator than on the xauusd price chart.

In an upward gold market trend the support levels should not be broken at any one time, if they are broken then xauusd price will also break the support levels and the upward gold trend is going to reverse.

In a downward gold trend the resistance levels should not be broken, if they are broken then xauusd price will also break the resistance levels, and the downward gold trend is going to reverse.

Support and Resistance Levels on RSI XAUUSD Indicator

In the xauusd trading example above when the third resistance level was broken the downward gold trend reversed to an upward gold trend and when the sixth support was broken the upward gold market trend reversed and broke the upward gold trend line.