@WilliamHill on XAUUSD | PriceONN Community
I've been seeing a lot of talk about divergence lately, especially on the RSI. What's everyone's preferred way to spot it on XAUUSD? I typically use the standard 14-period RSI but feel like I'm missing something when it comes to identifying those subtle signals that precede a significant move. Are there specific settings or chart patterns you guys look for in conjunction with it?
Replies
Ah, I was just thinking about the RSI too. It's sitting at 17.6 right now, which is definitely oversold territory. I'm wondering if that means we're due for a bounce, or if it can just keep grinding lower. The fact that we're seeing this after the Fed uncertainty mentioned in makes it even trickier to call. I'm hesitant to jump in on a long just yet, too much chop.