Trading Gold Know When to Buy or Sell
For a beginner trader wanting to know how to determine when to buy or sell in the xauusd market - you should come up with a gold trading strategy or a xauusd trading system that has a set of rules that determine when you open a buy or sell gold trade in the xauusd market and when you close the buy or sell gold trade - this gold trading system will use xauusd indicators - Buy Sell Gold Signal Indicator MetaTrader 4 Indicators.
An example of a gold trading strategy is shown below: xauusd traders can use this example gold trading system template to come up with their own gold trading strategy that they will use to determine when to open a buy or sell trade transaction.
Trading Gold Know When To Buy or Sell
So, How Can a XAUUSD Trader Generate XAUUSD Buy and Sell Trade Signals?
The best method of generating gold buy & sell signals is through gold trading systems, You can Learn how to come up with gold trading systems from the lesson Gold Trading Systems on the right navigation menu under the tutorials Learn Gold Trading Key Concepts.
A xauusd trading system is a combination of one or two or more gold indicators with written trading rules of how these indicators will generate these trading signals.
Trading XAUUSD Know When To Buy or Sell
An example of a simple gold trading system that works, & has a high win percentage ratio is one that's a combination of:
- Moving average cross-over strategy
- RSI
- MACD
The written gold trading rules for buy and sell signals are:
Generating Buy & Sell Gold Trading Signals Strategy
Gold Trading Rules - for Buy and Sell Trading Signals:
Buy Gold Trading Signal is Generated when:
- Both Moving averages going up
- RSI value above 50
- MACD above center line
Sell Gold Trading Signal is Generated when:
- Both Moving averages going down
- RSI value below 50
- MACD below centerline
Generating Buy and Sell Trades - Trading XAUUSD Know When to Buy or Sell in Gold Trading?
Exit Trading Signal
Exit is generated when MA, RSI and MACD give a trading signal in opposite direction.
The chart time frame to use is 1 hour time frame or 15 minutes chart time frame depending on what type of trader you are.
For a beginner trader the above xauusd MT4 Indicators Buy Sell Gold Trading Signals written gold trading rules will give very good buy & sell signals, the only thing that a trader needs to do is to have the discipline to follow the written gold rules the exact way they are, and wait for a buy or sell trading signal to be indicated by your gold strategy & trade after the buy & sell signals have been generated, not before they are generated.
