The document discusses different types of gold traders categorized by the time period they hold positions. It outlines scalpers who hold positions for minutes, day traders who hold for hours, swing traders who hold for days, and position traders who hold for weeks to months. The document then focuses on day trading as the most popular method, where traders use 15-minute charts to open and close positions within a trading day, aiming for profits of $7 to $9 per trade. An example day trading chart is also included.

2.  Most Common Trading Types
 Day Trading Method & Example
 Gold News & Analysis
 Today’s Gold Price
 Today’s Gold Chart

3.  There are different types of gold traders and
each type is determined by the time which they
hold their open trades and the lot sizes that
they trade.
 The most common trading types are:
 Scalpers
 Day Traders
 Swing Traders
 Position Traders

4.  This is one of the more popular methods of trading
gold, traders will open and hold their trades for a
few minutes only and profit from only a few pip
movement.
 Traders will use the one minute charts to
determine the current market trend and open
trades using this one minute chart.
 Scalpers will aim to make a profit of between 200
and 300 points per trade. 100 points is equal to $1
dollar change in the gold price, therefore this profit
target is a $2 to $3 change in price.

5.  These traders will open and close trades during the
same day and will not hold overnight trade positions.
 Day traders will use the 5 minutes or 15 minutes charts
to determine the trend direction and open trades using
these charts.
 The day traders will hold their trades open for a few
hours and try to make profits from the intraday market
trends.
 Day traders will aim to make a profit of between 700
and 900 points per trade.
 100 points is equal to $1 dollar change in the gold
price, therefore this profit target is a $7 to $9 change in
price.

6.  These traders open trades and hold them for a few
days so as to make profits from the intraweek market
trend that lasts for two or three days. These traders will
sometimes leave their open trades overnight so as to
catch more profit from the intraweek trend.
 These traders will use the 1 hour forex charts to
determine the trend of the market and place trades
using this chart timeframe.
 Swing traders will aim to make a profit of between
2000 and 5000 points per trade. 100 points is equal to $1
dollar change in the gold price, therefore this profit
target is a $20 to $50 change in price.

7.  These traders will hold their trades open for a few
weeks to a few months and they will place trades
that aim to make profits from the medium term
and long term trend of the gold prices.
 Position traders will use the Daily and Weekly
charts to determine the market trend and place
trades using these daily and weekly charts.
Position traders will aim to make a profit of
between 20000 and 40000 points per trade.
 100 points is equal to $1 dollar change in the gold
price, therefore this profit target is a $200 to $400
change in price.

8.  The most popular method of trading gold is the day
trading method, most traders prefer to day trade gold
and open and close their trades within the trading day.
 These traders will hold their trades open for only a few
hours. This way a trader will aim to make profits of
between 700 and 900 points which is the average daily
movement of gold prices.
 At the same time a trader can close their trades quickly
in case the market trend moves against their trade
direction.
 100 point movement is equal to a one dollar change in
the price of gold per ounce. For example if gold moves
from $1250 to $1251, this will represent a 100 point
move in gold prices.

9.  The example below shows a 15 minutes chart
that is used for day trading.

10.  Traders continue to focus on the recent
double bottom in gold.
 Gold price futures (GC) technical analysis –
strengthens over $1788.50, weakens under
$1767.60.
 Gold markets continue to bounce around.
 Gold prices extend higher amid viral
resurgence, falling yields.
 Gold price breakout on hold as yields rise,
Gold ETF clocks outflows