The Main XAUUSD Part of a XAUUSD Plan is Your XAUUSD Program

One of the main xauusd part of a xauusd plan is your xauusd program. A xauusd plan is the xauusd tool which a trader will use to ascertain and plan all aspects of their trading. A xauusd plan will have a written xauusd system that a trader follows & the xauusd journal rules trading rules among others.

Within this xauusd plan a xauusd plan will also write down the xauusd program that a trader will follow while trading the xauusd markets.

Here is the xauusd program that you can follow form this xauusd plan

TIMEFRAMES

• Main time frame for trading is the 1Hour.
• XAUUSD Signals are generated on the 1Hour timeframe.
• XAUUSD Trade Signals generated should be supported by 4Hour time frame.

4H

• XAUUSD Trend Lines (Support & Resistance)
• 5 & 7 Simple Moving Averages
• MACD (12, 26, 9)
• RSI (14) +Support & Resistance
• Parabolic SAR

1H

• XAUUSD Trend Lines (Support & Resistance)
• 5 & 7 Simple Moving Averages
• Stochastic Oscillator (14, 4, 7)
• RSI (14) +Support & Resistance
• Bollinger Bands (20, 2)
• Parabolic SAR

RULES

LONG ENTRY

1H

1. Both MAs are moving Upwards
2. Both Stochastics are heading Upwards
3. RSI above 50
4. Parabolic SAR is below the gold price (Support)

4H

1. Both MAs are moving Upwards
2. Both Stochastics are heading Upwards
3. RSI >->50

LONG EXIT

1. RSI gives opposite signal
2. XAUUSD Price breaks Support XAUUSD Trend Line
3. Parabolic SAR is hit (Trailing Stop)

RULES

SHORT ENTRY

1H

1. Both MAs are moving Downwards
2. Both Stochastics are heading Downward
3. RSI below 50
4. Parabolic SAR is above the gold price (Support)

4H

1. Both MAs are moving DOWN
2. Both Stochastics are moving DOWN
3. RSI below 50

SHORT EXIT

1. RSI gives opposite signal
2. XAUUSD Price action breaks Support XAUUSD Trend Line
3. Parabolic SAR is hit (Trailing Stop)

TRADE ROUTINE

1. XAUUSD Signals are generated using 1H timeframe.
2. XAUUSD Signal to be executed immediately rules are met.
3. Entry xauusd alert signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - XAUUSD TRADING HOURS

Watch market during daytime when most xauusd companies and online gold trading brokers are open for trade transactions. Use this to create a suitable XAUUSD program.

The best xauusd hours when markets overlap that will form the best xauusd times are between 8:00 GMT and 18:00 GMT when most of the major xauusd sessions overlap. Gold Market Hours and Best XAUUSD Hours

xauusd trading program - best xauusd trading hours