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RSI Gold Trading Classic Bullish Divergence and Gold Trading Classic Bearish Divergence Gold Trading Setups

Gold classic divergence is used as a possible sign for a gold trading trend reversal. Classic gold trading divergence setup is used when looking for an area where gold trading price could reverse and start going in the opposite direction. For this reason gold classic divergence is used as a low risk entry method and also as an accurate way of exit out of a gold trading trade.

  • Classic gold trading divergence is a low risk method to sell near the top or buy near the bottom of a gold trading market trend, this makes the risk on your gold trading trades are very small relative to the potential reward.
  • Classic gold trading divergence is used to predict the optimum point at which to exit a gold trading trade

 

There are two types of RSI Classic gold trading divergence trading setups:

  1. Gold Trading Classic Bullish Divergence Setup
  2. Gold Trading Classic Bearish Divergence Setup

 

Classic Gold Bullish Divergence

Classic gold trading bullish divergence occurs when gold price is making lower lows (LL), but the oscillator is making higher lows (HL).

Classic Gold Bullish Divergence - RSI Gold Trading Strategies

Classic Gold Bullish Divergence - RSI Gold Trading Strategies


Classic bullish gold trading divergence warns of a possible change in the gold trading market gold trading trend from down to up. This is because even though the gold trading price went lower the volume of sellers that pushed the gold price lower was less as illustrated by the RSI gold trading indicator. This indicates underlying weakness of the downward gold trading trend.

 

Classic Gold bearish divergence

Classic gold trading bearish divergence occurs when gold price is making a higher high (HH), but the oscillator is lower high (LH).

Gold Trading Classic Bearish Divergence Gold Trading with RSI Gold Trading Indicator Gold Trading Strategies

Gold Trading Classic Bearish Divergence Gold Trading with RSI Gold Trading Indicator Gold Trading Strategies


Classic gold trading bearish divergence warns of a possible change in the gold trading trend from up to down. This is because even though the gold price went higher the volume of buyers that pushed the gold price higher was less as illustrated by the RSI gold trading indicator. This indicates underlying weakness of the upward gold trading trend.

 

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