GOLD - Day Trading with RSI 04/03/2025

XAUUSD



Daily Timeframe (D1): Still in a strong uptrend, with RSI and both moving averages are pointing upwards. The WMA45 is above 60.

4-Hour Timeframe (H4): RSI is positioned between the resistance created by WMA45 (current price around 3152) and the RSI 60 support level (current price around 3121).



1-Hour Timeframe (H1): The WMA45 is trending upward, supporting the bullish trend.

Trading Plan: BUY

Entry Zone:
When the RSI on the M15 timeframe is supported at the 50 or 60 levels.

Entry Confirmation:
When M5 completes a wave, or a divergence appears.
Or even when M1 shows divergence.

Stop Loss:
20–30 pips below the M5 low.

Take Profit:
100 pips or R:R ≥ 1:1.
Or when M5 completes its own uptrend.
But be careful when RSI on H4 reaches its own WMA45.

You can check out the indicators I use here: tradingview.com/u/dangtunglam14/