Best Timeframe to Trade XAUUSD

Multiple timeframe gold trading analysis equals using 2 chart time frames to trade gold trading - a shorter chart timeframe used for trading & a longer chart time frame used to check the xauusd trend.

Since it is always good to follow the xauusd trend when xauusd, in Multiple Chart Timeframe XAUUSD Analysis, the longer chart time frame gives us the direction of the long term xauusd trend.

If the long term xauusd trend direction supports the direction of the smaller chart time-frame then probability of opening a profitable xauusd trade is significantly increased. This is because even if you make a mistake the long term xauusd trend will eventually save you. Also if you trade with direction of the trend, then mostly you will be on the winning side - this is what this Multiple Timeframe XAUUSD Trading Analysis is all about.

Remember there is a popular saying by many traders and investors that says: 'The xauusd trend is your friend' - never go against the xauusd trend when trading.

There are four different types of xauusd traders - all these different types of xauusd traders use different chart time frames to trade as shown below.

Examples of how each type of xauusd trader uses multiple timeframes gold trading analysis strategy:

Multiple Timeframe XAUUSD Trading Analysis Scalping

Scalpers hold on to their gold trades for only a few minutes. Scalper xauusd trader never holds on to a xauusd trade for more than ten minutes. With the objective of making small amounts of pips as profit, 5 to 15 pips.

A Scalper using 1 minute chart wants to go long, checks 5 minutes chart, which looks like the one below, since 5 min chart show xauusd trend is moving up, then decides from this xauusd analysis it's okay to open a buy gold trade.

Multiple Chart Timeframe XAUUSD

Multiple Timeframe XAUUSD Trading Analysis Day XAUUSD

Day xauusd traders hold on to their open gold trades for a few hours but not more than a day. With the aim to make quite a number of pips in profit: 30 - 60 pips.

XAUUSD Trading day trader trading 15 minute chart wants to go long, checks 1 hour xauusd chart, which looks like the gold chart below, since 1 hour xauusd chart shows xauusd trend is moving up, then decides from this xauusd analysis it's okay to open a buy gold trade.

Multiple Timeframe XAUUSD Trading Analysis Day Gold - Multiple Timeframe Methodology Guide

Multiple Timeframe Trading XAUUSD

Swing xauusd traders hold on to their open gold trades for a few days to a week. With the objective to make a large number of pips in profit: 100 - 250 pips.

Swing trader using 1 hour xauusd chart wants to go short, checks 4 hour xauusd chart, which looks like the gold chart example illustrated below, since 4 hour xauusd chart shows the xauusd trend is heading down, then decides from this xauusd analysis it's okay to open a sell gold trade.

Multiple Timeframe XAUUSD Trading - Multiple Time-frame XAUUSD Trading

Multiple Timeframe Strategy PDF

Position xauusd traders are traders who hold on to their gold trades for weeks or months. With the objective to make a large number of pips in profit: 300 - 800 pips.

Position xauusd trader using the daily trading chart wants to short, checks the weekly xauusd chart, weekly looks like the gold chart examples illustrated below, since weekly xauusd chart shows the xauusd trend is heading down, then decides from this xauusd analysis it's okay to open a sell gold trade.

Multiple Timeframe Trading Strategy Guide

How to Define A Gold Trend

Using a xauusd system that has 3 xauusd indicators - Moving Averages Crossover System, RSI Gold Indicator & MACD Gold Indicator - & uses simple rules to define the xauusd trend. The rules are:

Upward XAUUSD Trend

Both Moving Averages Moving Up

RSI XAUUSD Indicator Above 50

MACD XAUUSD Indicator Above Centerline

Downward Gold Trend

Both Moving Averages Moving Down

RSI XAUUSD Indicator Below 50

MACD XAUUSD Indicator Below Centerline