Trading gold reddit forex First, understand the fundamentals that drive the price of gold, Welcome to FXGears. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. Feb 9, 2021 · How to trade gold online. . It allows traders to diversify their trading portfolio, thereby reducing potential losses from currency volatility. com's Reddit Forex Trading Community! Here you can converse about trading ideas… Welcome to FXGears. For clarity, you can also look at DXY chart and then trade it inversely on gold. I've been searching all day for different regulated brokers that support forex, indices & commodities trades for US Citiziens but I keep running into US Regulations against trading XAU/USD & XAG/USD. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. 4/ for me it used to be fomc and nfp but Welcome to FXGears. 350K subscribers in the Forex community. I'm not sure why. 1/ I used to trade gold a lot with cfds before I moved to futures. The best gold trading strategy is to use Support and Resistant Levels. Futures contracts are the main way to trade gold. Indices are super volatile so I only trade them in certain instances. You have to find a trend Trade around S/R following the trend Oct 7, 2024 · Gold Forex trading involves analyzing and speculating on the value of gold against fiat currencies within the forex exchange market, with XAUUSD being the most popular trading pair. What sessions are you trading Gold? Personally I prefer silver than gold because the spread is lower and the payout is much bigger. com, a trading forum run by professional traders. Ok, so I trade gold every day for the last 2 years. Divergence really help me a lot you just need to master price action confirmation to enter a position. Note: Backtest it on your own before utilizing it in live market! Hope this will help you in your trading journey!! Welcome to FXGears. When it comes to trading gold and silver or trading precious metals like XAU/USD or XAG/USD and how to trade gold, you will know that following the advice of an “expert” who recommends buying gold because of a belief rather than because of seeing a buy opportunity or entry criteria using technical analysis, Elliott Wave, trend following or You might want to learn and use RSI divergence in trading gold. I can't get a consistent 20-day green, for example. 3/ I know some metals traders who follow mining more than other metals. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Gold is actually very enjoyable to trade, it respects trendlines very much. You can trade gold by: Create a trading account; Choose which underlying gold market you want to trade; Open your first position; Monitor your trade using technical and fundamental analysis; Gold futures. Gold has spiked all time high since the beginning of Ukraine war and I'm trying to capitalize on this opportunity but I can't seem to find a Welcome to FXGears. Dec 6, 2024 · If you want to start trading gold or add it to your long-term investment portfolio, we provide four easy steps to get started. Gold pumps when dollar dumps and vice versa. 2/ Dxy sometimes has opposite move to gold but its by no means a trade signal as often they will move in the same direction. Mainly over sold or over bought. Welcome to FXGears. Preferably when it has a divergence or a nice Harmonics setup. uyhaq ajmww hig vxs ydj zoocbj tewo kixn fdjpoun yvugrp