Suggestion on Gold trading

W

Waylen

For gold trading, I follow m15 and m30 time frame. I mostly rely on moving average indicator and I won’t say I am successful till now. Can you please share me the best Gold trading strategy?
 
Well, the "best" Gold Trading strategy is a bit elusive, but here's my 2¢:

  1. At the 15-30m time frame you're trading technically... so anything can happen. Pay for the best technical tools out there.
  2. In a longer time frame: Don't trade gold futures or ETFs: trade gold mining companies because they move in step with gold prices, AND pay a dividend.
  3. If you're trading physical, it's a different game. Be aware that some locations charge tax on gold, while others do not. Also, you'll get lower markups if you buy in volume, typically a 0/6% bid/ask commission spread. On lower denoms (like ¼oz) dealers may demand a 10% commission.
 
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Waylen said:
For gold trading, I follow m15 and m30 time frame. I mostly rely on moving average indicator and I won’t say I am successful till now. Can you please share me the best Gold trading strategy?
More...
I don't think there is one available for a retail trader.
 
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