How Do I Read Gold Price Charts?
Types of XAUUSD Bar Charts
A xauusd price chart is a representation of a sequence of xauusd prices plotted on a graph as a gold chart representation of xauusd price movements.
This xauusd price movement is then drawn over a period of time and this gold chart price moves drawn on the gold chart can be used to analyze the movement of a particular gold instrument so as to determine if the gold trend for that gold is moving down or up.
XAUUSD Price XAUUSD Charts
A Gold price chart provides a representation of xauusd price (drawn on the y-axis) against time (drawn on the x-axis) for gold.
The movement of xauusd prices is drawn on these xauusd price charts. The gold chart can be drawn as candlestick xauusd price charts like the one shown below or as line xauusd price charts or bar xauusd price charts.
What is Gold Price Chart? - What are Gold Charts
Technical analysis of gold charts is then applied to these gold charts by using gold trading tools provided by the gold trading software. For example MetaTrader 4 platform provided gold indicators & gold line studies that can be used to analyze these xauusd charts.
Gold charts can also be drawn using different chart time frames.
The different chart time frames are used by different types of xauusd traders.
For example:
- Gold scalper use the 1 minute chart time frame and the 5 minute chart time frames
- Gold day traders use the 15 minute chart time frame and the 1 hour xauusd chart time frames
- Gold swing traders use the 4 hour xauusd chart time frame and the daily chart time frames
MetaTrader 4 XAUUSD Platform Periodicity Tool bar Menu
Periodicity just means gold chart time frames, in MetaTrader 4 gold trading software this MetaTrader 4 gold charts time frames toolbar is used to select which gold chart time frames to gold trade with.
Gold Price Chart Time frames - What are Gold Price Charts?
The xauusd price charts - chart time frames listed on the MetaTrader 4 platform are:
- 1 Minute - M1 Gold Price Chart
- 5 Min - M5 Gold Price Chart
- 15 Min - M15 Gold Price Chart
- 30 Minutes - M30 Gold Price Chart
- 1 Hour - 1 H Gold Price Chart
- 4 Hours - H4 Gold Price Chart
- Daily - D Gold Price Chart
- Weekly - W Gold Price Chart
- Monthly - MN
Type of XAUUSD Price XAUUSD Charts
The three common types of xauusd price charts used in gold trading are:
- Candlestick Gold Price Charts
- Line Gold Price Charts
- Bar Gold Price Charts
These 3 types of xauusd price xauusd charts are covered in the topic Types of Gold Charts.
Technical Analysis Using XAUUSD Charts - Types of XAUUSD Candles Charts - Types of Gold Bar Charts
