Lastly – Gold Trading Tips

Whilst there are many ways for you to make profitable trades in the Gold market, there are some tips to keep in mind;

• Watch and monitor the important news events that could impact the price of Gold.
• The USD will often play a huge role in where the price of Gold moves.
• Keep your trading simple and don’t add too many indicators to your charts.
• If scalping, then trade with the obvious trend in your favour. Don’t fall into the trap of only looking for long trades.
• Brokers will often turn off their servers for a brief period during the daily changeover period between the daily close and open to avoid large spikes when the volume is very low. This is normal, but you need to be aware of it if you are looking to open a new trade or manage a trade you are already in.