Understanding What a Chart Is and Interpreting & Gold with a Chart

Understating a Chart Course

A chart is a graph representation that depicts and shows historical price movement using different chart time-frames

A chart allows traders to view the past historical price movement.

A chart can be analyzed by traders using analysis tools such as indicators so as to try and predict the next future price direction.

The three most commonly used charts for analysis are:

Gold Line Chart
Gold Bar Chart
Gold Candle Chart

Gold charts can be drawn on different chart timeframes & these different chart timeframes are:

MetaTrader 4 Time-frames

M1 for 1 Min Chart

M5 for 5 Min Chart

M15 for 15 Min Chart

M30 for 30 Min Chart

H1 for 1H Gold Chart

H4 for 4 Hours Chart

D for Daily XAUUSD Chart

W for Weekly Gold Chart

M for Monthly Gold Chart

MT5 Gold Chart Time-frames

M1 for 1 Min Chart

M2 for 2 Min Chart

M3 for 3 Min Chart

MetaTrader for 4 Minutes Chart

M5 for 5 Min Chart

M10 for 10 Min Chart

M12 for 12 Min Chart

M15 for 15 Min Chart

M20 for 20 Min Chart

M30 for 30 Min Chart

H1 for 1H XAUUSD Chart

H2 for two Hours Chart

H3 for three Hours Chart

H4 for 4 Hours Chart

H6 for 6 Hours Chart

H8 for 8 Hours Chart

H12 for 12 Hours Chart

D for Daily Gold Chart

W for Weekly XAUUSD Chart

M for Monthly Gold Chart

Gold analysis traders will use different chart timeframes to analyze price movement based on what type of trader they are.

Understanding Charts & Technical Analysis

A chart can be used to predict future price movement.

Gold traders can apply gold analysis on a chart so as to analyze price movement and try to predict the next likely direction of the future price movement.

Gold traders can apply gold analysis on the chart using indicators.

Gold indicators are analysis tools that are used to calculate the momentum of the trend and also to indicate the direction of the price whether up or down.

Gold charts can also be used to analyze trends and tend direction using analysis tools such as trend lines.

Gold Indicators for Analyzing Price Movement

Gold indicators are commonly used to analyze price movement.

Gold trend indicators are used to interpret analyze the trend direction. Gold trend indicators include moving averages & trend-lines.

Gold Oscillator indicators oscillate between two points and the oscillator indicators are used to determine momentum of the price movement. Examples of oscillators include MACD, RSI and Stochastic Oscillator Trading Indicator indicators.

Understanding What a Chart Is and Interpreting & Gold with a Chart

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