This pair has been diving under and missing every daily pivot since August, 2; due largely to fears of a Brexit deal not materializing. Multiple indicators show RSI divergence and oversold.
Go short on XAUUSD IF gold stays within 2 standard deviations of the regression channel and AFTER gold drops below 4 hour parabolic SAR as pictured in this 4 hour, 2 standard deviation regression channel.
This layout is useful for trading oil. It incorporates a currency strength indicator comparing the relative strengths of JPY and CAD which is an excellent positive correlation study for oil. The layout also compares heiken-ashi with renko side by side.
