How to Make Money Trading Gold
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Today was another one of those great days for trading the spot gold price using the free intraday charts by Kitco. Once you get a feel for it and see the same things happen every week opportunities start to pop up on the radar. The Kitco Spot Gold Price Chart, which is provided for free, is an amazing tool for observing gold prices over a 3 day time frame.
When there are no swing trading setups I focus on finding these intraday daytrading gold patterns. To see some of my spot gold price trading charts using GLD visit this link: My main focus for trading is swing trading gold ETFs.
And exit the second spot gold trading strategies of the position on a trend line break. This entry was posted on Monday, September 8th, at spot gold trading strategies You can follow any responses to this entry through the RSS 2.
Both comments and pings are currently closed. This material should not be considered investment advice. Chris Vermeulen is not a registered investment advisor.
This material is not a solicitation for a trading approach to financial markets. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This information is for educational purposes spot gold trading strategies.
Spot Gold Price Charts September 8th, at 5: Spot Gold Intraday Prices. Spot Gold Price Charts. With Gold Binary Optionsanyone can take advantage of the huge price movements in gold with just best binary options automated trading bots tiny minimal investment. Free Spot Gold Price Chart — By Kitco Spot Gold Price Chart This chart may not look like a quality trading tool but it provides very detailed information for daytrading gold and for swing traders as they get ready to enter or exit a position at the open or close of the trading session.
As you look at the chart above you will notice that the price movement each day is very similar even though the price of spot gold is different. Often enough the movements are very similar allowing us to take advantage of daytrading the spot gold price.
Blue is the previous trading day and Green is Current Trading day. When I see big price movements in gold during these hours I like to take advantage of it the following day. Today the market was ahead of the previous moves, which happens and should be factored into your trading if you notice this. As you can see the last for days had the same price movement although today had a spot gold trading strategies range to take more profits.
This is a 5 minute spot gold chart using GLD. I trade using the 1 minute price chart, as it allows the best timing to enter and exit the positions and spot gold trading strategies the 5 minutes chart, which you see above running, as well to keep my head clear for the time and potential price movement. I am a very conservative trader and I like to lock in profits.
Sometimes I get out a little too early but I generally catch the middle trending moves, which spot gold trading strategies the safest times to trade in my opinion.
I could have held the trade longer today but spooked myself out of the trade because of over thinking.