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XAUUSD Technical Analysis Live Gold Charts

XAUUSD Technical Analysis Course

XAUUSD Technical Analysis is the science and art of forecasting future gold price movement based on historical xauusd prices combined with XAUUSD technical indicators. XAUUSD Technical Analysis Course - This XAUUSD Technical Analysis study often interprets the gold price data by studying a xauusd chart and looks for xauusd chart patterns and xauusd signals for buying and selling.

The history and origin of this XAUUSD Technical Analysis method dates back several hundred years to Japanese and Arabian markets, XAUUSD Technical Analysis involves using mathematical manipulation of gold price data to optimize buy and sell points. The use of this type of XAUUSD Technical Analysis in modern computerized trading programs has become increasingly popular.

The information which the is studied and assessed is gold price movement so as to plan an entry or exit into a xauusd trade. The goal is to determine how the gold market is trending.

XAUUSD Technical Analysis

This XAUUSD Technical Analysis - studies the supply and demand of a xauusd in an attempt to determine in what direction the gold price will continue to move in.

While xauusd technical analysis deals with gold price and xauusd indicators it is just a measure of investor sentiment.

What to Look For

Find the XAUUSD Trend

The motto of xauusd technical analysis is: "the xauusd trend is your friend." Finding the prevailing xauusd trend will help you become aware of the overall direction and offer you better xauusd opportunities - especially when shorter-term market movements give conflicting signals.

Daily xauusd charts are more ideally suited for identifying long-term xauusd trends. Once you have found the overall direction then you generally open buy or sell orders in that direction.

XAUUSD Trend or Range

No matter what gold price is doing, it usually falls into one of those two categories. If the it is moving in a pattern or in one direction, you can use xauusd trend lines to analyze where the gold price should go. If the xauusd market seems to be bouncing back and forth in a range, you can use support and resistance lines to make note of where to open buy or sell xauusd orders.

One of the greatest goals of XAUUSD Technical Analysis studies and methods in the gold market is to determine whether xauusd will move in a xauusd trend in a certain direction, or if it will move sideways and remain range-bound. The most common XAUUSD Technical Analysis method to determine these is to draw xauusd trend lines which are used by gold traders to determine whether or not the current direction of the xauusd market will continue. Many investors avoid trading in a range-bound xauusd market and only buy or sell xauusd instruments when there is a xauusd trend since this makes trading more predictable.

For xauusd technical analysts the most important xauusd tool is the gold chart. The purpose of a xauusd chart is to provide a visual representation of xauusd rates quotes (drawn on the y-axis) against time (drawn on the x-axis) for a given xauusd instrument, this xauusd chart is used as a basis for making predictions of the future gold price direction.

XAUUSD Trend Lines

The direction of these xauusd trend lines determines the xauusd market direction. A xauusd trend line drawn moving upward represents a bullish market and a xauusd trend line drawn moving downward represents a bearish market.

Support and Resistance

Support and resistance levels are points on a xauusd chart that tend to act as boundaries. A support level is usually the trough or low point on a xauusd chart whereas a resistance level is the high or the peak point on a xauusd chart. These support and resistance levels are used as buy/sell points.

Moving Averages

Moving averages xauusd indicator are used to show the average gold price of a xauusd instrument over a given period of time. Moving Averages are called moving because they reflect the latest average in the movement of the xauusd prices.

XAUUSD Strategies

To be a successful xauusd trader you need to come up with a xauusd strategy. There is not one set XAUUSD Trading strategy that is good for all gold traders. But Rather, each xauusd trader needs to develop their own xauusd strategy.

XAUUSD Technical Analysis is the most widely used strategy in the xauusd market and is used to decide the entry and exit points.

Market movements have identifiable repeating gold price patterns that have been studied over many years providing a thorough understanding of these xauusd market trends and how they can be used to form the basis of a good trading xauusd strategy.

There are many XAUUSD Technical Analysis tools available provided to facilitate this study

The beginner xauusd trader is advised to study each XAUUSD Technical Analysis tool separately for getting working knowledge of the concepts and application for each XAUUSD Technical Analysis study. Once you understand one XAUUSD Technical Analysis method, keep on using it while studying others. Each XAUUSD Technical Analysis tool tends to combine well when used with other XAUUSD Technical Analysis Tools.

Support and resistance levels are also used in many xauusd trading strategies. Support is defined as the level that is repeatedly seen as the bottom (floor) - when the gold price reaches this level it tends to bounce. Resistance level is the ceiling, the upper boundary (ceiling) that a xauusd instrument rarely trades above.

Support and resistance levels are valid for a period of time, until they are broken, When the xauusd market breaks through these support and resistance levels, the gold price is expected to continue in that direction. For example, if the xauusd market rises above the previous resistance level, it is seen as a bullish xauusd signal and the bullish movement should continue upwards.

Longer xauusd chart time frames establish more stronger support and resistance levels. XAUUSD traders can use these support and resistance levels to determine when to enter or exit an open position.

Moving averages is another common gold technical indicator used as to create xauusd trading strategies. Moving averages try to smooth out short term market fluctuations giving a clearer picture of the gold price movements and trends. XAUUSD Traders can draw SMA to determine gold price movement tendency to move up or down - gold trend.

If gold price crosses above the simple moving average then it will keep on moving up.

If gold price crosses below the SMA then it will keep moving down

These are examples of xauusd strategies that can be used individually or combined.

XAUUSD Traders use two or more XAUUSD Technical Analysis studies and to determine when to open an order when both XAUUSD Technical Analysis indicators support the same direction. If several XAUUSD Technical Analysis indicators show that the xauusd market is moving towards a particular direction then one can trade with more reassurance than when he is only relying on a single XAUUSD Technical Analysis indicator.

Fundamental analysis should also be used together to reinforce XAUUSD Technical Analysis findings, or vice versa. A xauusd trader should ideally take into account two or more XAUUSD Technical Analysis indicators when developing a XAUUSD Strategy.

Every xauusd strategy should provide clear guidelines about when to enter and exit a buy or sell xauusd trade position, how much loss can be accepted if the xauusd market moves in the other direction and how much profit is expected. Following these simple XAUUSD Technical Analysis guidelines can help you become successful in xauusd.


Metals Trading Symbols

Precious Metal Symbols:
Gold - XAU USD and XAU EUR, Silver - XAG USD and XAG EUR, Platinum - XPT USD, Palladium - XPD USD

Metal Symbols:
Copper - XCU USD, Zinc - XZN USD, Lead - XPB USD, Nickel - XNI USD, Aluminium - XAL USD