Gold Simple Strategy
This system template gets full details in the trade plan on the Gold Plan Example Template on this gold trading learning site. Find it under gold key concepts tutorials in the right navigation menu.
Chart Timeframe
1H xauusd gold trading chart
Indicators which identify a new trend
MA Cross-over Gold Strategy
Indicators that confirm the trend
RSI xauusd gold technical indicator
Stochastic technical indicator
Buy Signal
1. Both MAs moving upwards
2. RSI above 50
3. Both stochastic lines heading up
Sell Signal
1. Both MAs Moving Averages moving downwards
2. RSI below 50
3. Both stochastics heading downward
Exit Signal
1. MAs Indicator generates in the opposite market trend signal
2. RSI generates in the opposite market trend signal
XAUUSD Risk Management
Stop loss - 20 pips
Take-Profit - 60 pips
Risk : Reward Ratio 2 : 1
Day Strategies Course - Gold Daily Charts System - Simple Strategy - Strategies Revealed - Moving Average Gold Strategies - Gold Intraday Trading Methods
Learn More Guides & Tutorials:
- Gold Head and Shoulders Patterns: Regular and Inverse on XAUUSD Charts
- How do you sign in to a MetaTrader 5 real XAU/USD account?
- How to Trade MetaTrader 4 Upward Trend line on MT4 Charts
- XAU/USD Down Trend – Plain-English Explanation
- How to Trade Inertia Trading Indicator Sell FX Trade Signal
- How Do I Set a Pending XAUUSD Order on MT5 Android App?
- Gold Trading Method Used for Trading XAUUSD is Explained Here
- Purchasing and Selling Gold
- How to sign up for a gold practice account in MT5
- Download, Install, and Log In to MetaTrader 4 on Windows, Mac, Android, and iPhone
