How Do You Read Price Charts?

Types of XAUUSD Bar Charts

A price chart is a representation of a series of prices plotted on a graph as a chart representation of price movements.

This price movement is then drawn over a period of time & this chart price moves drawn on the chart can be used to analyze the movement of price so as to determine if the trend for that xauusd instrument is moving down or up.

XAUUSD Price Charts

A price chart provides a representation of price (drawn on the y-axis) against time (drawn on the x-axis) for xauusd.

The movement of prices is plotted on these price charts. The chart can be drawn as candlestick price charts like the one below or as line price charts or bar price charts.

How to Interpret Price Charts

What's a Price Chart? - What are Charts

Technical analysis of xauusd charts is then applied to these charts by using xauusd tools provided by the software. For example xauusd MT4 platform provided indicators & line studies which can be used to analyze these charts.

Xauusd charts can also be drawn using different chart timeframes.

The different time frames are used by different types of traders.

For example:

XAUUSD Trading scalper use the 1 minute chart timeframe & the 5 minute chart time frames
XAUUSD Trading day traders use the 15 minute chart timeframe and the 1 hour chart time-frames
XAUUSD Trading swing traders use the 4 hour time frame & the daily chart timeframes

XAUUSD Chart Time Frames on MT4 Platform

Periodicity just means timeframes, in MetaTrader 4 platform this MT4 charts time frames toolbar is used to select which chart timeframes to xauusd trade with.

Types of XAUUSD Bar Charts - How to Interpret Price Charts - Technical Analysis Using Charts