Trading Gold Do Gold Swing Trading with Different Gold Chart Time Frames?
15 Minute Swing Strategy Guide
Swing Traders
This swing gold trading group holds on to their xauusd trades for a few days to a week. With the aim of making a large number of pips, 100 to 400 pips.
Swing gold trader using 1H chart xauusd chart time frame wants to go short, checks 4H chart xauusd chart time frame, which looks like the xauusd example illustrated & explained below, since 4 hour shows the gold trend is going down, then decides from this technical analysis it's okay to sell.
Gold Swing Trading on Multiple Charts - Chart Time Frames - 15 Minute Swing Strategy PDF - 1 H Swing Strategy - Gold Trading 4 H Swing Trading Strategy
Gold Swing Trader traders using technical analysis use gold charts to try and attempt to predict the movement of xauusd trading price on the xauusd charts.
Gold Trading Swing traders will sometimes use two or more xauusd chart time frames so as to determine the long term gold trend & short term xauusd trend.
How to Define A Gold Price Gold Trend for Swing Trading
Using a xauusd trading system that has Three indicators - Moving Average Crossover System, RSI & MACD & using simple rules to define the xauusd trend. The trading rules are:
Upwards Gold Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downwards XAUUSD Trend
Both MAs Moving Down
RSI below 50
MACD Below Center line
Multiple gold charts time frames analysis equals using 2 chart time-frames to trade xauusd trading - a shorter xauusd chart timeframe used for trading & a longer chart time-frame to check the Gold trend - chart time frames that you choose for trading xauusd trading price action with will depend on the type of trader you're: for Swing Traders the chart time frames used for trading will be example of 1 hour xauusd chart time frame and 4 hour xauusd chart time frame.
Since it's always good to follow the gold trend when gold Swing Trading, in Multiple Chart Timeframe Analysis, the longer 4 hour xauusd chart timeframe gives us the direction of the long term gold trend when Swing trading using the 1 hour Gold Chart Timeframe.
