Types Of Gold Trading Charts

1. TYPES OF GOLD TRADING
CHARTS

2. POINTS TO BE COVERED TODAY:
 Types Of Gold Trading Chart.
 Line Chart.
 Bar Chart.
 Candlestick Chart.
 How gold trading charts look.
 Gold Metal Online Trading - XAUUSD Trading
Symbol.
 Price of Gold - Gold Price Quotes.
 Gold News & Analysis.

3. TYPES OF GOLD TRADING CHART
 When it comes to gold trading there are three types
of charts that traders can use to trade Gold.
 Charts are graph representations of the price
movement that are drawn on a grid and they can be
drawn using different chart time frames such as 1
minute charts, 5 minutes charts, 15 minutes charts,
1 hour, 4 hour, daily, weekly and monthly chart time
frames.
 A trader will choose the chart time frame to trade
with depending on their style of trading for day
traders they will choose the 15 minutes charts and
scalpers will use the 1 minute charts, swing traders
will use the hourly trading charts.

4. TYPES OF GOLD TRADING CHART-I
 These charts can be drawn using different chart
representations, these are:
Line Charts
Bar Charts
Candlesticks Charts

5. LINE CHART
 The line chart is a single continuous line drawn to
represent the closing price,
 If a trader is using the 5 minutes charts then the closing
price for every 5 minutes is drawn and connected to the
next close of the next 5 minutes therefore this forms a
continuous line that forms the line chart.
 This chart type leaves out a lot of information about the
gold price movement; this chart only draws the closing
price and leaves out the high price, the low price and the
opening price.
 Because of this the line chart is not very popular among
gold traders - gold traders instead prefer to use other
chart types such as the bar charts and candlesticks
charts that include this information on their chart
representations.

6. LINE CHART-I

7. BAR CHART
 Bar charts will plot all the information about price
information - this information is known as OHCL - Opening
price, High of Price, Closing Price and Low of Price.
 This information is represented in the form of a bar.
 The bar charts have 2 different colors; these are red for
when prices move down and blue for when price moves up,
the bar chart is shown next slide.
 These bar charts plot all the price information as shown
above. The vertical bar represents the total price
movement, the left horizontal bar shows the opening price
and the right horizontal bar shows the closing price, the
highest and lowest points represent the high of price and
low of price respectively.

8. BAR CHART-I

9. BAR CHART-II
 These charts are not very visually appealing when drawn close together as
shown below and for this reason these bar charts are not commonly used
when trading gold.

10. CANDLESTICK CHARTS
 These are the most commonly used types of charts -
these chart show all the information of price - OHCL in
an easy to interpret format.
 The candlestick charts are of two different colors, red for
when the price moves down and blue for when the price
moves up.
 These candlesticks charts look like candles with wicks
on both sides.
 The body of the candlestick shows the difference
between the opening price and closing price.
 The high and low which are represented by what is
known as the shadow this is the part that looks like
candle wicks represents the highest price and lowest
price.

11. CANDLESTICK CHARTS-I

12. HOW GOLD TRADING CHARTS LOOK

13. USE OF BUTTONS
 To select between any of these chart types on the trading
platform a trader can use the buttons shown below.

14. GOLD METAL ONLINE TRADING - XAUUSD
TRADING SYMBOL
 Gold metal is popularly traded in the online financial
markets. Because Gold is one of the precious
metals its price is determined and quoted in terms
of US Dollars at any one given time. Anyone can
then buy or sell gold either physically in the form of
gold bars or using the more popular method -
selling and buying gold online in the form of
contracts.
 When it comes to buying and selling Gold metal
online - a trader has to look for an online Gold
Broker, the gold broker will then provide access to
trading gold online.

15. GOLD METAL ONLINE TRADING - XAUUSD
TRADING SYMBOL-I
 The gold that will be traded will be traded as a contract;
once a trader buys a contract for Gold, the trader will
then make a profit or loss depending on the direction
that the price of Gold will move in.
 If a trader buys a contract of Gold and the prices of
Gold move up then the trader will have made a profit
from the price difference and they can close their buy
trade of the Gold contract and book their profits.
 However, if a trader buys one contract of Gold and the
price then moves down then the trader will make a loss
once they close their open contract at a lower price.
 Gold contracts online are traded the same way as
shares, investors will make money when the value of
their shares or stocks moves up and make a loss if the
price of their share or stocks moves down.

16. GOLD CONTRACTS
 When it comes to online Gold metal trading, gold is
traded as a contract; one contract of Gold is made up of
100 ounces.
 Therefore when a trader is trading gold online then they
will be buying or selling a contract that is equal to 100
ounces of Gold.
 The prices of Gold will be quoted by the online Gold
trading broker and a trader can buy or sell gold
contracts at the current quoted price.
 In online trading Gold is traded represented by the
trading format - XAU
 Because Gold is quoted against the US Dollar, the
trading symbol will be XAUUSD; meaning the price of
gold quoted against the US Dollar.

17. PRICE OF GOLD - GOLD PRICE QUOTES

18. PRICE OF GOLD - GOLD PRICE QUOTES-I
 The Price of Gold is quoted as show above using the Bid and Ask Price
 Bid is the price at which you buy
 Sell is the price at which you sell
 The trading symbol of Gold is XAUUSD, but in the above example it is just written
as Gold.
 The current price quote of Gold is 1267.11
 This means that a trader wanting to buy one contract of Gold would buy at the price
of 1267.11
 Gold is quoted using two decimal digits in the case above the last two decimal digits
are .11
 The last decimal point is used to calculate the profit and losses of trades, the last
point is known as a 1 pip or one point.
 When trading Gold one pip represents a movement of $1
 If the price were to move up from 1267.00 to 1268.00 this would represent a price
move of one dollar, but because gold is traded in contracts of 100 ounces, this $1
dollar move would be multiplied by 100, the contract size, therefore a move from
1267.00 to 1268.00 would give the trader a profit of $100.
 Because a move from 1267.00 to 1268.00 represents 100 decimal points moves, this
means each decimal point digit represents a profit equivalent to $1 per 1 pip (0.01
price move).

19. GOLD NEWS & ANALYSIS
 Gold, XAU/USD, Treasuries, Fed, Consumer Confidence, Rbnz, Technical
Analysis .
 Gold prices extended April’s bounce as Treasury yields declined
 RBNZ seems to be fueling USD weakness, pushing XAU/USD up
 Gold may rise towards the 61.8% Fibonacci retracement level.
 Gold surged to its highest level since early January as Treasury yields
slipped.
 Gold bulls will need to avoid further taper talk that could spark
a USD rally and cripple gold gains.
 Gold prices struggled despite USD and Treasury yield weakness
 Bitcoin climb may have offset the yellow metal’s upside potential
 XAU/USD breakout above resistance seems unconvincing for now
 Source:
https://www.dailyfx.com/gold-price

20. TYPES OF GOLD TRADING
CHARTS

21. THANKS FOR LISTENING
TYPES OF GOLD TRADING CHARTS