Best Chart Time-Frame to Trade Gold

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

Since it's always good to follow the market trend when xauusd trading, in Multiple Chart Time-Frame XAUUSD Analysis, the longer chart time frame gives us the direction of the long-term trend.

If the long term trend direction supports the market direction of the smaller time frame then probability of opening a profitable trade 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 Timeframe 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 four different types of traders - all these different types of traders use different chart timeframes to trade 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 transactions for only a couple of minutes. The scalper trader never holds on to a trade position for more than ten minutes. With main objective of earning small amounts of pips as a profit, 5 - 15 pips.

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

Multiple Time Frame Chart Indicator - How Do You 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 more than a day. With main objective of earning quite an amount of pips profit, 30 to 60 pips.

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

Multiple Time frame Analysis Tutorial Explained - Multiple Chart Timeframe XAUUSD Method

Multiple Time Frame Analysis Day Trading - Multiple Time Frame Trading System

Multiple Timeframes on Chart MetaTrader 4

Swing traders hold on to their open trade positions for a couple of days to a week. With main objective of earning a big number of pips profit, 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 ok to open a sell trade transaction.

Multiple Timeframes on Chart MT4 - How Do I Interpret 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 traders who hold on to their trades positions for weeks or months. With main objective of earning a big number of pips profit, 300 to 800 pips.

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

Multiple Time Frame Analysis PDF - Multiple Timeframe Indicator - Multiple Timeframe XAUUSD Strategy

Multiple Timeframes In Chart Trading

How Do You Define a Trend

Using a system that has Three indicators - Moving Averages Cross over System, RSI Indicator & MACD Indicator - & uses simple trading guidelines to define the market trend. The rules are:

Upward Trend

Both MAs Moving Up

RSI Indicator Above 50

MACD Indicator Above Center Line

Downwards Trend

Both MAs Moving Down

RSI Indicator Below 50

MACD Indicator Below Center-Line

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