RSI Indicator Gold Chart Patterns and XAUUSD Trend Lines

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

RSI XAUUSD Trend Lines & XAUUSD Trend lines on XAUUSD Charts

RSI Gold Chart Patterns in XAUUSD

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

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

Gold Chart Patterns on RSI Gold Chart Technical Indicator

Support & Resistance Levels Trading using RSI Indicator

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

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

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

Support and Resistance Levels on RSI Technical Indicator

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