Trade Gold Trading

Gold Indicators That Are Used for Taking Profit

Gold Buy Sell Technical Indicators & Gold Exit Trading Indicators

Once traders have learned how to trade the market using xauusd trading analysis indicators that produce bullish signals or bearish signals based on a combination of trend following technical indicators & gold trend confirmation indicators then traders need to know more about the indicators that can be used to determine where to place take profit levels and exit open trades - Gold Exit Indicators. These Gold Exit Indicators will be used to calculate where to place a take profit level for a trade - after a trade has been opened. These indicators can also be used by EA traders to Program Auto Stop Loss Gold Order and TP Gold Order EA MetaTrader 4 - Auto Stop Loss Gold Order and TP Gold Order Expert Advisor MT4.

There are many types of indicators that can be used as Gold Exit Indicators to determine where to take profit. A trader needs to know these indicators so as to know when to take profit and close an open trade transaction.

How to Analyze The Market To Know Where to Take-Profit

Before learning about the various gold take profit indicators available in the market and on the MetaTrader 4 software, gold traders need to know about overbought & over-sold levels.

These overbought and oversold levels are used as gold profit taking levels and this overbought and oversold gold market analysis will be used to analyze when to close open trade positions.

Overbought Level - overbought levels on indicators is when price is above the 80 mark for indicators such as RSI & Stochastic Oscillator. A trader will close open buy trades once the technical indicator is in the over-bought region. The trader will not close the open trade immediately after the indicator is overbought but when the indicator leaves this overbought level & moves back below the 80 mark.

Over-sold Level - Oversold levels in gold trading is when price is below the 20 mark for indicators such as RSI technical indicator & Stochastic Oscillator. A trader will close open sell trades once the technical indicator is in the over-sold region. The trader will not close the open trade immediately after the indicator is oversold but when the indicator leaves this oversold level and moves back above the 20 mark.

Gold Indicators Guide

Bollinger Bands Indicator - a trader will use the upper Bollinger bands and lower Bollingers to determine the levels where they can set their takeprofit levels for their open trade positions.

Parabolic SAR - Parabolic SAR indicator is a market trend following indicator that draws dots below the price in an upwards gold trend & draws dots above the price in downwards trend. These dots trail the price - in an upward gold trend these dots trail the upward trend below the trend and can be used to set where to close a buy trade - Gold Exit Indicators. In a downward gold trend these dots trail above the price & can be used to know when to close open sell trades.

XAUUSD Fib Expansion - Fibonacci expansion technical indicator is used to calculate where to set taking profit levels, traders can use this Fibonacci expansion indicator to set their tp order levels.

Traders can learn more about the Fib expansion indicator from the learn trading lessons section, while the Bollinger bands indicator is explained on the learn indicators & learn strategies section, Parabolic SAR indicator guide can be found on the learn technical indicators section.

Learn More Lessons and Tutorials:

Forex Traders Seminar Gala

Forex Traders Seminar

Gold Broker