Trading gold reddit. Preferably when it has a divergence or a nice Harmonics setup. Some of the best scalpers over the years have given up scalping to actually hold their positions for as long as an hour. Gold moves with the market open and high liquidity. What sessions are you trading Gold? Personally I prefer silver than gold because the spread is lower and the payout is much bigger. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. 13 - Day Traders trade what is in front of them - price action, technicals on the Daily and 5/1 minute (mainly), market conditions of that day, volume, etc. 4/ for me it used to be fomc and nfp but Welcome to FXGears. A great trade at 10am could be a terrible idea an hour later. Etc. My most profitable trades with gold are swings and tbh that's really the only way to trade it unless you are a very fast scalper otherwise you'll get ripped to Welcome to FXGears. com Apr 22, 2024 · Gold can be traded in many different ways, including gold CFDs, futures, gold mining stocks, and gold ETFs. Analyze charts, follow market trends, and execute strategic decisions to optimize your gold trading experience. Today (24th of June, 2022) at the time of writing the gold market is quite volatile and although things seem to be settling a bit there's still quite a bit of movement which could be useful for day traders I think. . Pretty much what matters is trading on high combat level accounts in p2p worlds, they also sell items on their website making the trade look more natural. Most traders open or close their position during this period. I buy gold straight, play options (credit spreads mostly) and futures extensively, but not options on futures. A goldsmith will never trade gold the way it happens with people who are not I the business. But i do agree gold can sometimes move 500-1000 pips a day. A few days ago gold skyrocketed 400 pips in one minute. The time frame is irrelevant for XAU. It’s been a wild ride with indices for 3 years but lately I’ve been getting sick of it. 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. 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. I’ve decided to switch from indices to gold. Watch this video and find out why I never listen to advice from gold investment “experts. ” See full list on investopedia. Hey TV, why not add a feature that alerts when a stock is halted?? I play gold heavily by the way, and currently have a negative valuation for recent gold holdings. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. Gold Trading Strategies. Conclusion Welcome to FXGears. X4 is a living, breathing space sandbox running entirely on your PC. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. Just like us goldsmiths. Trading gold is a way to make excellent profit but often from shorting and by never having a bullish sentiment or bias. Diablo doesn't have that, so Idk why we even have trade when the only thing we can trade is rare items and gold. Here’s an overview of the most popular ways to trade gold. If you're looking to "invest", look into investing into a company, a business, or yourself. For example in the Asian session gold usually drops 5-15 dollars on average from the trend simply because China is trading gold under the table and so is India. We sell the gold too those people and make profit like that. That is why it is recommended to trade Gold within these time limits. On their website they also have an explanation of how to avoid RWT bans in the game. Reddit Gold also has a news section covering the latest developments in the gold industry and a section for technical analysis. If your serious about day trading, there's no way you would use TV. If you trade like an algo, for example if you just scalp, use fixed stop/profit target, or trade breakouts, you're going to have a bad time. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. Welcome to FXGears. Thousands of ships and stations trade, mine and produce, all realistically simulated. What if i told you that there is a live streamer who publicly bought the weekly highs twice and sold the weekly bottom on gold. A choppy day for gold means its stuck in a 100 pip range. Because those people not getting rich from trading, but from people who trade. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. Gold isn't an investment. You can speculate on the spot price. We would like to show you a description here but the site won’t allow us. I’ve been doing quite a lot of digging around looking for ways to trade gold, I have been mucking around with forex for about 4-5 months now and i’m really trying to buckle down and find a profitable strategy for trading gold. Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors. Mainly over sold or over bought. Best of luck on your decision. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. The platform covers many gold investment topics, including Bullion, coins, and mining stocks. Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco. It can see volatile a random pair to trade. Spot gold CFDs Jul 5, 2024 · Reddit Gold is a popular subreddit with over 100,000 members. Stay abreast of market fluctuations and capitalize on opportunities as you navigate the complexities of precious metal trading, where every live position unveils potential gains or losses in response to global economic shifts and geopolitical events. I use LuckyCharmGold for all my gold buying. You need to be nimble, to move quickly and to trade what you see at that moment. com, a trading forum run by professional traders. If you just started day trading, you'll understand in a month two. It seems like there is a minimum balance needed to trade gold ? Right now, XAU is in the $1940 range . And those people are the only ones telling people to trade. [Edit: had to fix something]. You can speculate on inflation and how stimulus and money printing will affect the price of gold. 2 gold movements that were quite interesting & somewhat predictable. would I need $1940 to buy the minimum lot size ? I had a Forex account earlier this year with $250, and I wasn't able to buy any. Hi guys, I'd like to try trading Gold/XAU . I guess my questions are: how much do I need to start trading XAU ? 1/ I used to trade gold a lot with cfds before I moved to futures. Tbh I trade a lot of gold and sometimes it rips me a new one. 3/ I know some metals traders who follow mining more than other metals. Indices are super volatile so I only trade them in certain instances. I’ll still trade them here and there but my main focus will be Gold. The PoE trade experience is great because the game is actually designed around an economy and has a lot of smart balances that make a lot of things "worth". You should pay special attention instead to retracement and expansion. "Investing" in gold is highly unlikely to outperform many other investments over the long term Tip: The spot price for Gold shown on the charts is set around 10:30 and 15:00 GMT after the different auctions held by the major participants in the Gold industry. There's no level 2, you can't short, you can't trade OTC markets, no advanced order types, no direct routing, no borrows or locates. eksetkmyewxmpyxcmmwqkghvyxgkrzcirogtefkjskmgxuqfmlngynu