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Gold 20 Pips Gold Price Range Moving Average Gold Trading Strategy - Gold Moving Average Gold Trading System Explained

20 Gold Pips Gold Price Range Moving Average Gold Trading Strategies - Gold 20 Pips Moving Average Gold Trading Systems

The 20 pips gold price range moving average gold trading strategy is used with the 1 Hour gold trading chart and 15 minute gold trading chart. On this gold trading chart time frames we use the 100 and 200 simple moving average gold trading technical indicator.

 

Both the 1 Hour and 15 minute gold trading chart time frames will use the 100 and 200 SMA (SMA Indicator) to determine the direction of the Gold trend.

 

The 1 Hour gold trading chart time frame checks the long term direction of the Gold trend, upward or downward trend, depending on the direction of the moving averages. All gold trading trades taken should be in this gold trading trend direction.

 

We then use the 15 minute gold trading chart to find the optimal point to enter gold trading trades. Gold trades are opened only when the gold price is within 20 pips range of the 200 simple MA, if gold price is not within this pip range gold trading trades are not opened.

 

Buy Gold Trading Signal - Gold Uptrend/Bullish Market

To generate buy (bullish gold trading signals) using the 20 pips moving average Gold strategy, we shall use the 1hour and 15 minute gold trading chart time frame.

 

On the 1 hour gold trading chart time frame the gold price of the gold trading chart should be above both the 100 and 200 simple moving average. We then move to a lower gold trading chart time frame, the 15 minute chart time frame to generate a gold trading trade signal.

 

On 15 minute gold trading chart time frame, when gold price reaches the 20 pips range above the 200 SMA, we open a buy gold trading trade and place a stop loss 30 pips below the 200 SMA. Stop loss can be adjusted to the amount of Pips that are suitable for your risk but to avoid being stopped out by normal Gold volatility its best to use 30 pips stop loss.

 

A buy gold trading trade can also be opened when the gold trading price touches the 100 Simple moving average, provided it’s not very far from the 200 SMA. Normally the 100 SMA will be within the 20 pips range of the 200 SMA.

100 and 200 Simple Moving Average Gold Trading Buy Gold Trading Signal - Moving Average Gold Trading Strategy

100 and 200 Simple Moving Average Gold Trading Buy Gold Trading Signal - Moving Average Gold Trading Strategy

 

Sell Gold Trading Signal - Gold Downtrend/Bearish Market

To generate sell (short gold trading signals) using the 20 pips moving average Gold strategy, we shall also use the 1 hour gold trading chart time frame and 15 minute gold trading chart time frame.

 

On the 1 hour gold trading chart time frame, the gold price should be below both the 100 and 200 SMA. We then move to the 15 minute gold trading chart time frame to generate a gold trading Signal.

 

On 15 minute gold trading chart, when gold price reaches the 20 pips range below the 200 SMA, we open a sell gold trade and place a stop loss 30 pips above the 200 simple moving average.

100 and 200 Simple Moving Average Gold Trading Sell Gold Trading Signal - Moving Average Gold Trading Strategy

100 and 200 Simple Moving Average Gold Trading Sell Gold Trading Signal - Moving Average Gold Trading Strategy

 

With this gold trading strategy method gold price will generally bounce of these support and resistance levels because many gold traders watch these levels, and open similar gold trading trades at around the same point.


These support and resistance levels act as short term resistance or support levels within the gold trading price charts.


Profit Taking level For This Gold Trading Strategy

With this gold trading strategy the gold price will bounce and make a move in the direction of the original Gold trend. This move will range from 60 - 70 pips.


The best gold trading profit taking level would therefore be considered to be 60 to 70 pips from the 200 SMA.

 

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