Best Chart Timeframe to Trade XAUUSD

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

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

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

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

There are four different types of gold traders - all these different types of gold traders use different gold time frames to trade as shown below.

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

Multi Chart Timeframe Gold Trading Scalping

Scalpers hold on to their xauusd trades for only a few minutes. Scalper gold trader never holds on to a gold trade for more than 10 minutes. With the objective of making small amounts of pips as profit, 5 to 15 pips.

A Scalper using 1 min chart wants to go long, checks 5 min chart, which looks like the one below, since 5 minute chart show gold trend is moving up, then decides from this xauusd analysis it's ok to open a buy xauusd trade transaction.

Multi Chart Timeframe Gold Trading Scalping Gold

Multi Chart Timeframe Gold Trading Day Trading

Day gold traders hold on to their open xauusd trades for a few hours but not more than a day. With the aim of making quite a number of pips profit, 30 to 60 pips.

Gold day trader trading 15 min chart wants to go long, checks 1H gold chart, which looks like the xauusd chart below, since 1H gold chart shows gold trend is moving up, then decides from this xauusd analysis it's ok to open a buy xauusd trade transaction.

Multi Chart Timeframe Gold Trading Day Trading - Multi Chart Timeframe Gold Trading Intraday Gold Trading

Multi Chart Timeframe Swing Gold Trading

Swing gold traders hold on to their open xauusd trades for a few days to a week. With the aim of making a large number of pips profit, 100 to 250 pips.

Swing trader using 1H gold chart wants to go short, checks 4H gold chart, which looks like the xauusd chart examples illustrated & explained below, since 4 H gold chart shows the gold trend is heading down, then decides from this xauusd analysis it's ok to open a sell xauusd trade transaction.

Multi Chart Timeframe Swing Gold Trading - Multi Chart Timeframe Swing Gold Trading

Multi Chart Timeframe Gold Trading Positional Gold Trading

Position gold traders are traders that hold on to their xauusd trades for weeks or months. With the aim of making a large number of pips profit, 300 to 800 pips.

Position gold trader using the daily trading chart wants to go short, checks the weekly gold chart, weekly looks like the xauusd chart examples illustrated & explained below, since weekly gold chart shows the gold trend is heading down, then decides from this xauusd analysis it's ok to open a sell xauusd trade transaction.

Multi Chart Timeframe Gold Trading Positional Gold Trading

How to Define A XAUUSD Trend

Using a xauusd trading system that has 3 xauusd indicators - Moving Averages Crossover System, RSI XAUUSD Indicator & MACD XAUUSD Indicator - & uses simple rules to define the xauusd trend. The rules are:

Upwards Gold Trend

Both Moving Averages Moving Up

RSI Gold Indicator Above 50

MACD Gold Indicator Above Centerline

Downwards XAUUSD Trend

Both Moving Averages Moving Down

RSI Gold Indicator Below 50

MACD Gold Indicator Below Centerline