What are Gold Charts
A xauusd price chart is a representation of a sequence of gold prices drawn on a graph as a gold chart representation of xauusd price movements.
This xauusd price movement is then drawn over a period of time and this gold chart price moves drawn on the gold chart can be used to analyze the movement of gold price so as to determine if the gold trend is down or up.
XAUUSD Price Charts
A Gold Trading xauusd price chart provides a representation of exchange rates (drawn on the y-axis) against time (drawn on the x-axis) for gold.
The movement of gold prices is drawn on these xauusd price charts. The chart can be drawn as candlestick xauusd price charts like the one shown below or as line xauusd price charts or bar xauusd price charts.
What is a Gold Price Chart? - What is a Gold Price Chart? - What are Gold Charts
Technical analysis of gold charts is then applied to these charts by using gold trading tools provided by the gold trading software. For example gold trading MT4 platform provided gold indicators and gold line studies that can be used to analyze these gold charts.
Gold Trading charts can also be drawn using different chart time frames.
The different chart time frames are used by different types of xauusd traders.
For example:
- Gold Trading scalper use the 1 minute xauusd chart time frame and the 5 minute xauusd chart time frames
- Gold Trading day traders use the 15 minute xauusd chart time frame and the 1 hour xauusd chart time frames
- Gold Trading swing traders use the 4 hour xauusd chart time frame and the daily xauusd chart time frames
Chart Time Frames on MT4
Periodicity just means chart time frames, in MT4 gold trading platform this charts time frames toolbar is used to select which chart time frames to trade with.
Gold Price Chart Time frames - What are Gold Price Charts?
The xauusd price charts - chart time frames listed on the MT4 platform are:
- 1 Minute - M1
- 5 Minute - M5
- 15 Minutes - M15
- 30 Minutes - M30
- 1 Hour - H1
- 4 Hours - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
Type of XAUUSD Price Charts
The three common types of xauusd price charts used in gold trading are:
- Candlestick Gold Price Charts
- Line Gold Price Charts
- Bar Gold Price Charts
These 3 types of xauusd price charts are covered in the topic Gold Chart Types.
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