Скачать или смотреть How to spot support/resistance using a awesome oscillator in gold H1 Chart

What's up, traders? Samuraifx here. Today, I'm going to walk you through a powerful trading strategy using Bill Williams' indicators. We're going to combine three simple tools to find high-probability sell signals, especially on a volatile pair like gold. This is all about finding a solid setup with multiple confirmations.

Step 1: Identify Resistance

The first step is identifying a key level of resistance. I'm on the one-hour timeframe for gold, and I can clearly see where the price has been struggling to break higher. I'm going to mark this area with an orange rectangle to create a visual zone of resistance. This is our foundation; it's a level where we expect sellers to step in. I'll also drop a text label right here to make it clear : 'Resistance'.

Step 2: The Awesome Oscillator Signal

Now for the first of our Bill Williams indicators: the Awesome Oscillator. This is a momentum indicator that's fantastic for spotting changes in trend. When we look at the histogram at the bottom, the key is the zero line. We're looking for a specific signal: the first red bar to appear above the zero line. This is a bearish divergence and a potential early warning sign that the upward momentum is fading. I'll add a label right on that specific bar, calling it '1st red bar above level 0.' This signal tells us that the bulls are losing strength and the bears are gaining control.

Step 3: Confirm with Fractals

To add another layer of confirmation, we'll use the Fractals indicator. Fractals are like little arrows that pinpoint local highs and lows. They help us see the structure of the market. Since we're looking for a sell, we'll focus on the high fractals. I'm going to connect the fractals to draw a clear downward trend channel. You can see how the price respects this channel, confirming the bearish pressure. This gives us another piece of the puzzle, showing that the market is in a downtrend and our sell signal aligns with the overall direction.

Putting It All Together: The Entry

So, we have a clear resistance level, a bearish signal from the Awesome Oscillator, and a confirmed downtrend from the Fractals. This is our perfect storm for a sell trade. I'm going to place a final label on our resistance zone and call it 'Sell Signal.' The strategy is to wait for the price to reach this resistance level and then look for the Awesome Oscillator and Fractal confirmation. As you can see on the chart, the price perfectly respects this zone and begins a sharp move down, giving us a fantastic entry.

Conclusion

This is a powerful combination that helps filter out noise and gives you a clear, rule-based approach to trading. Remember, it's about stacking the odds in your favor. If you liked this breakdown, smash that like button, subscribe for more content like this, and happy trading!

Disclaimer :

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.