What is Bullish Gold Trading Divergence?
What is Divergence Gold Definition? - Divergence is a xauusd trading setup used by Gold traders - gold divergence trading involves looking at a gold chart and a gold indicator - for example MACD indicator.
To find this gold divergence trading set-up find two chart points which xauusd price makes a new swing high or a new swing low but the MACD technical 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 XAUUSD Divergence 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 gold MACD technical technical indicator we check the highs made by the MACD technical indicator, these are highs that are direct below Chart points marked A and B.
We then draw one line on the gold chart & another line on the MACD xauusd technical trading indicator.
Divergence Gold Signals - What's Divergence XAUUSD Explanation? - What is Divergence Gold Definition?
The gold chart above shows an example of hidden bearish gold divergence.
What is Gold Divergence?
In order to trade XAUUSD divergence signal we 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
Gold Trading Divergence Terms Definition: What's Divergence Gold Trading? - What is Gold Divergence?
M shapes on XAUUSD charts dealing with Gold price Highs
W Shapes on XAUUSD 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 Gold Divergence? - What is Bearish Gold Divergence? - What is Bullish XAUUSD Divergence? - What is Divergence XAUUSD Explanation? - What is Divergence Gold Definition?
