How Do I Trade Gold Price with Different Chart Time frames?

Gold Price Charting on Different Chart Timeframes

Gold traders using technical analysis use gold charts to try and attempt to predict the movement of xauusd trading price on the xauusd charts.

Traders will sometimes use two or more xauusd chart time frames so as to determine the long term gold trend and the short term xauusd trend.

How to Define A Gold Price Trend

Using a xauusd trading system that has 3 indicators - Moving Average Crossover System, RSI and MACD and using simple rules to define the xauusd trend. The trading rules are:

Upward Gold Trend

Both MAs Moving Up

RSI above 50

MACD Above Centerline

Downward XAUUSD Trend

Both MAs Moving Down

RSI below 50

MACD Below Centerline

The gold traders using different xauusd chart time frames will need to test out various xauusd chart time frames so as to determine the best chart time frame for them to trade.

Multiple charts time frames analysis equals using 2 chart time frames to trade xauusd trading - a shorter one used for trading and a longer one to check the Gold trend.

Since it is always good to follow the trend, in Multiple Time Frame Analysis, the longer time frame gives us the direction of the long term trend.

5 Minutes Gold Chart Time Frame

5 Minutes Gold Chart Time Frame - How Do I Trade Gold Price with Different Chart Time frames?

1 Hour Gold Chart Time Frame

1 Hour Gold Chart Time Frame - How Do I Trade Gold Price with Different Chart Time frames?

4 Hour Gold Chart Time Frame

4 Hour Gold Chart Time Frame - How Do I Trade Gold Price with Different Chart Time frames?

Weekly Gold Chart Time Frame

Weekly Gold Chart Time Frame - How Do I Trade Gold Price with Different Chart Time frames?