DeMark Projected Range XAUUSD Technical Analysis & DeMark Projected Range XAUUSD Signals

Developed by Tom Demark.

This xauusd indicator is used to signal the potential high and low gold trading prices that a chart gold trading price is likely to reach.

This is referred to as the range projection and it is calculated using the open and the close gold trading prices of the most recent gold trading price period.

DeMark Projected Range

Gold Technical Analysis & How to Generate Trading Signals

This xauusd indicator will show two points, the projected high and the projected low of a specific gold price period. This will be used as the reference point.

Bullish Up xauusd trend Signal

If the next gold trading price bar opens above the projected high then the xauusd market will continue in an upwards XAUUSD trend.

Bearish down xauusd trend Signal

If the next gold trading price bar opens below the projected low then the xauusd market will continue in a downwards XAUUSD trend.

Ranging XAUUSD Market

If the next gold trading price bar opens within the projected range, then this is a signal that the xauusd market will remain in a range base.