Gold can be traded on all of your time frames from the monthly chart right down to the one minute chart.
If you are looking to make intraday trades in the Gold market, then keep these things in mind;
Watch the News
News and economic events can often play a large role in how the price of Gold moves.
If the markets move to a risk-off situation, then Gold will normally become a market that moves higher.
Pick Your Time Frame
You don’t need to be trading every time frame to be profitable trading Gold.
If you are suited more to making a lot of trades, then you will be better of on much smaller time frames such as the five minute or fifteen minute charts.
If you prefer to make intraday swing trades, then you are going to be better off using time frames like the 1 hour chart.
Use Price Action and Technical Indicators
Just like picking your time frames carefully, you don’t need to add every indicator to your chart.
Find the indicators that are clean and help you the most and stick with them.
You can then combine these indicators with your price action and technical analysis to make high probability intraday trades.
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