Best Chart Time-Frame to Trade Gold

Multiple time frame analysis equals using 2 chart timeframes to trade gold - a shorter time frame used for trading and a longer time frame used to check the trend.

Since it is always good to follow the market trend when xauusd trading, in Multiple Chart Time-Frame XAUUSD Analysis, the longer chart timeframe provides us the direction of the long term market trend.

If the long term trend direction supports market direction of the smaller time frame then probability of opening a profitable trade position is greatly increased. This is because even if you make a mistake the long term trend will eventually save you. Also if you trade in the direction of trend, then mostly you will be on winning side - this is what this Multiple Time Frame XAUUSD Analysis is all about.

Remember there's a popular saying by many traders & traders that says: "The trend is your best friend" - never go contrary the trend when trading.

There are 4 different types of traders - all these different types of traders use different chart timeframes to trade like as shown below.

Examples of how each type of trader uses multiple Time Frames Gold analysis strategy:

Multiple Time Frame XAUUSD Analysis Scalping

Scalpers hold onto their trade positions for only a couple of minutes. The scalper never holds on to a trade for more than 10 minutes. With the main goal to earn small number of pips as profit, 5 - 15 pips.

A Scalper using 1 Min chart timeframe wants to buy long, checks 5 minutes chart, which look like one below, since five minutes chart explain trend is moving upwards, then decides from the analysis it's okay to open a buy xauusd gold trade.

Multiple Time Frame Chart Indicator - How Do I Analyze Price with Different Chart Timeframes?

Multiple Time Frame Chart Indicator

Multiple Time Frame XAUUSD Analysis Day Trading

Day traders hold onto their open trade positions for a couple of hours but not for more than a day. With main goal of earning quite a number of pips in trading profit, 30 to 60 pips.

Day trader 15 minute trading chart timeframe wants to execute long, checks the H1 chart, which looks like the chart below, since 1 Hour chart shows trend is heading upward, then decides from the analysis it's okay to open a buy xauusd gold trade.

Multiple Time frame Analysis Course Described - Multiple Chart Timeframe XAUUSD Method

Multiple Time Frame Analysis Day Trading - Multiple Time Frame System

Multiple Timeframes on Chart MT4

Swing traders hold on to their open trade positions for a couple of a few days to a week. With main aim of earning a large number of pips in trading profits, 100 to 250 pips.

Swing trader using 1 Hour chart wants to go short, checks 4 hour chart, which looks like the chart examples displayed & described below, since H4 chart shows the market trend is moving downwards, then decides from the analysis it's okay to open a sell trade transaction.

Multiple Timeframes on Chart MT4 - How Do I Analyze Day Trade with Different Chart Time-Frames?

Multiple Timeframes on Chart MT4 - Multiple Timeframes on Chart MT4

Multiple Timeframes In Chart Trading

Position traders are the Gold traders who hold on to their trade transactions positions for weeks or months. With main goal of earning a large amount of pips in trading profit, 300 to 800 pips.

Position trader using the daily trading chart wants to go short, checks the week xauusd chart, weekly resembles and looks like the chart examples displayed & described below, since weekly chart shows the market trend is moving downwards, then decides from the analysis it's okay to execute a sell trade transaction.

Multiple Time Frame Analysis Course Tutorial - Multiple Time Frame Indicator - Multiple Time Frame XAUUSD Strategy

Multiple Timeframes In Chart Trading

How Do You Define a Trend

Using a system that has Three indicators - MAs Moving Averages Cross-over System, RSI Indicator & MACD - and uses simple rules to define the trend. The Trading Rules Are:

Upwards Trend

Both MAs Moving Up

RSI Indicator Above 50

MACD Above Center Line

Downward Trend

Both MAs Moving Down

RSI Indicator Below 50

MACD Below Center-Line

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