XAUUSD Trading Long & Short and Trading Charts

In XAUUSD, there are 2 types of positions, these are:

Long (buy) - long is if the trend is buy/bullish.
Short (sell) - short is if the market trend is sell/bearish.

Buying/Long and Selling/short Both terms, refer to things we do when open a trade.

Buying Long = term to use when buying & when opening a trade.

Selling short = term to use when selling and when opening a trade.

Long - Long is another term/name used to refer to opening a buy trade position, If a trader goes long it means that he buys the Gold pair that is heading in an upwards trend. When the price is moving in an upwards trend the market trend is known as bullish.

Short - Short is a term used to refer to selling of Gold pair that's going in a downwards trend. When the price is going downwards then it is known as a bearish trend.

Basically the term, "selling short" can be refer to selling XAUUSD in the online XAUUSD trading markets. Selling short is used to transact a financial instrument (for example Gold) that's predicted to depreciate in its value compared and analyzed to another, when this financial instrument is sold then it is the same as not holding value in this instrument and holding the same value in the other currency - in our illustration selling Gold and holding the value in the currency US Dollar.

Buy/LongIf the price is going upward we buy, this is known as going long Hence long is just another name for buy. When the trend is heading up it is known as a bullish, this is when a buy order is placed. A bullish trend is identified by drawing an upwards trend line on a Gold trading chart. The illustration put on display below shows long/buy signal.

Buying and Selling Gold - Going Long Gold Trading or Going Short Gold Trading

Buy/Long

Sell/ShortIf the XAUUSD Gold price is heading downward we sell, this is known as going short. When the market trend is heading downward it's known as a bearish. The illustration put on display below shows downward trend, this is when a short sell is placed. The short/sell is identified by drawing a downwards trend-line on a chart. The illustration revealed below shows short/sell trading signal.

Buying and Selling Gold Trading Explained - Going Long Gold Trading and Going Short Gold Trading

Gold Trading ChartsA Gold chart provides a visual representation of exchange rates (drawn on the y-axis) against time (plotted on the x-axis) for a given currency pair in our illustration - XAUUSD. The movement of prices is plotted on these charts. The chart can be plotted as candlestick charts like the one below or as line charts or bar charts.

Gold Chart

The three common types of charts used in XAUUSD Market are:

Candle Charts
Line charts
Bar charts

These 3 types are covered & discussed/explained in the lesson Gold Chart Types.

Putting Buy Long and Sell Short on MetaTrader 4 Software Platform

XAUUSD Trade PlatformThis is the platform that is provided by an online broker to help traders set their transactions in the online Gold trading market. Once you as a trader download & install this software on your PC computer you as a trader can then begin to trade in the XAUUSD Market and also the FX market. All transactions are executed through this trading platform. If you as a trader want to learn a trading software, MetaTrader 4 is a good platform to start with.

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

To set these orders - buy & sell orders - open MT4, open a "chart ", rightclick on "chart ", choose "New Order ", then choose the trade transaction order either buy or sell like as illustrated below. (Short-cut Keys - Press 'F9')

Study More Tutorials and Topics:

Trade Gold Trading

XAUUSD Trading Long & Short and Trading Charts