Trading Gold Do Gold Swing Trading with Different Gold Chart Time frames?

15 Minute Swing Trading Strategy PDF

Swing Traders

This swing gold trading group holds on to their xauusd trades for a few days to a week. With the objective of making a large number of pips, 100 - 400 pips.

Swing gold trader using 1H chart xauusd chart time frame wants to go short, checks 4H chart xauusd chart time frame, which looks like the xauusd trading example illustrated and explained below, since 4 hour shows the gold trend is going down, then decides from this technical analysis it's okay to sell.

Gold Swing Trading on Multiple XAUUSD Charts - Chart Time Frames - 15 Minute Swing Trading Strategy PDF - 1 Hour Swing Trading Strategy - Gold Trading 4 Hour Swing Trading Strategy

Gold Trading Swing Trader traders using technical analysis use gold charts to try and attempt to predict the movement of xauusd price on the gold charts.

Gold Trading Swing traders will sometimes use two or more xauusd chart time frames so as to determine the long term gold trend and the short term xauusd trend.

How to Define A Gold Price Gold Trend for Swing Trading

Using a xauusd trading system that has 3 indicators - Moving Average Crossover System, RSI and MACD and using simple rules to define the xauusd trend. The trading rules are:

Upward Gold Trend

Both MAs Moving Up

RSI above 50

MACD Above Center line

Downward Gold Trend

Both MAs Moving Down

RSI below 50

MACD Below Center line

Multiple gold charts time frames analysis equals using 2 chart time frames to trade xauusd trading - a shorter xauusd chart time frame used for trading and a longer chart time frame to check the Gold trend - the chart time frames that you choose for trading xauusd price action with will depend on the type of trader you are: for Swing Traders the chart time frames used for trading will be an example of 1 hour xauusd chart time frame and 4 hour xauusd chart time frame.

Since it is always good to follow the gold trend when gold Swing Trading, in Multiple Chart Time Frame Analysis, the longer 4 hour xauusd chart time frame gives us the direction of the long term gold trend when Swing trading using the 1 hour Gold Chart Time Frame.