Trade Gold Trading

Buying & Selling XAUUSD - Go Long or Go Short

When you're trading gold online, you make money by buying XAUUSD or selling gold contracts depending on where prices are heading. If gold prices are climbing, you buy Gold and aim for profit. If prices drop, you sell XAUUSD and try to profit that way.

The price of Gold at any specific time is either going up or going down, and this is called a trend. The trend is simply where the XAUUSD prices are generally heading. So, if the price of xauusd generally goes up, the market trend is up, and a gold trader should buy XAUUSD. If the market price of xauusd generally goes down, the market trend is down, and a gold trader should sell XAUUSD.

Go Long or Go Short

Go Long - Buying XAUUSD means going long. Go Short - Selling gold means going short.

‘Long' is just another way to say you're buying. When a trader goes long, they've bought gold, expecting it to climb in a bullish market. If gold prices are trending up, that's a bullish market.

Short - short is another term used to refer to selling, when a trader shorts XAUUSD, it means that they have sold the Gold metal that is heading downward in a bearish trend. When the prices of XAUUSD are moving in an overall market trend that's downwards then the market is said to be bullish.

Buy/Long

Basically the term, "buy long" can be used refer to buying currencies in the online Gold trading exchange market. Buy long is used to transact when the prices of XAUUSD are predicted to appreciate in value compared and analyzed to the USD, when the Gold metal, XAUUSD is bought then it's the same as holding value in Gold and instead of holding the value in USD - Holding the Value in Gold after selling USD.

Should the price of XAU USD exhibit an upward trajectory, the action taken is to buy, which is conventionally termed "going long." Thus, "long" is simply another synonym for "buy." When the price trend for Gold moves higher, this is described as a bullish market condition, which prompts the placement of a buy order. A bullish trend is visually confirmed by drawing an ascending trendline across the Gold chart. The visual example provided below depicts a *long/buy signal*.

Buy Gold Trade vs Sell Gold Trade - Going Long vs Going Short in Gold Trading - Buy XAUUSD Trade and Sell XAUUSD Trade

Buy/Long - Gold Price Upwards Trending Market

Sell/Short

The term "sell short" means selling gold in the online XAUUSD market. Use it when you expect gold prices to drop against the USD. Selling XAUUSD gold is like holding USD value instead of gold value. After the sale, you hold USD rather than XAUUSD.

If the price of XAU/USD goes down, we sell: this is called going short, so short is just another way to say sell. When the price of Gold is generally going down, it's called a bearish trend, and that's when you sell. You can see a bearish trend by drawing a line that goes down on a Gold chart. The example here shows a signal to sell.

Buying Gold vs Selling Gold - Going Long Gold vs Going Short Gold - XAUUSD Buy Trade vs XAUUSD Sell Trade

Sell/Short - XAUUSD Price Downward Trending Market

XAU/USD Software/Platform

This is the platform that's provided by an broker to help the Gold traders place their trade transactions of buying and selling Gold. Once you as a trader download and installs this software on your computer you then can start to trade XAUUSD online. All transactions are executed through this software. If you want to learn a software, MT4 is a good platform to start with.

To set these buy and sell orders, open MT4, navigate to a " chart," right-click on the " chart," select "New Order," and then specify the desired trade order (buy or sell), as shown below. (**Shortcut Keys - Press "F9"**)

In this example, we use EURUSD. For XAUUSD, switch to Gold. As a Gold trader, use the buttons below to enter long or short positions on the metal.

Alternatively, you have the option to first view the Gold chart and then place a XAU/USD trading order directly from that chart interface.

Buy Gold Trade Order and Sell Gold Trade Order - Going Long in Gold Trading vs Going Short in Gold Trading

Going Long & Go Short on the MT4 Platform Software

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