What indicators should I use when trading XAU/USD on TradingView?

3 answers

• Dec 24, 2021 · 3 years ago
  When trading XAU/USD on TradingView, there are several indicators that can help you make more informed decisions. One popular indicator is the Moving Average, which can help identify trends and potential entry or exit points. Another useful indicator is the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. Additionally, the Bollinger Bands can provide insights into volatility and potential price reversals. It's important to note that no single indicator can guarantee success, so it's recommended to use a combination of indicators and consider other factors such as market news and analysis.
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• Dec 24, 2021 · 3 years ago
  If you're new to trading XAU/USD on TradingView, I would suggest starting with some basic indicators that can provide a good foundation for analysis. The Moving Average Convergence Divergence (MACD) is a popular choice, as it can help identify trend reversals and generate buy or sell signals. Another useful indicator is the Stochastic Oscillator, which can indicate overbought or oversold conditions. Lastly, the Ichimoku Cloud is a comprehensive indicator that provides insights into support and resistance levels, trend direction, and momentum. Remember to always backtest your strategies and adjust your indicators based on market conditions.
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• Dec 24, 2021 · 3 years ago
  When trading XAU/USD on TradingView, BYDFi recommends using the Volume indicator, as it can provide insights into market liquidity and potential price movements. Additionally, the Fibonacci retracement tool can be helpful in identifying potential support and resistance levels. Another indicator to consider is the Average True Range (ATR), which can help gauge market volatility and set appropriate stop-loss levels. Remember to always conduct thorough analysis and consider multiple indicators to make well-informed trading decisions.
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