Political Concerns in United States Contribute to Gold Price Gains
Gold prices hit eight-week lows at the beginning of July. At the end of the month, it hit a seven-week high. As of early trading on Tuesday, August 1, gold was trading at $1,269 per Troy ounce. Only a few weeks ago, gold came close to dipping below the $1,200 per ounce mark. A number […]
Gold Bounces Back Pending Federal Reserve Meeting
Those who track gold prices have been watching a relatively volatile market for the last few weeks. Prices recently flirted with $1,300 an ounce, only to come tumbling back down to near the $1,200 an ounce price point. As of early trading on July 25, 2017, domestic gold prices were just below $1,253 per Troy […]
Gold Prices Rebound to Two-Week High Due to Weaker Dollar
After a rough few trading sessions, gold prices have stopped their recent consolidation, due in no small part to a weaker United States dollar. In early trading on Tuesday, July 18, 2017, the price of a Troy ounce of gold for future delivery was hovering just under $1,240. For those banking on long-term gold gains, […]
Trade Gold Online: A Must-Read Guide for Beginners
Are you intrigued by the allure of gold trading but unsure where to begin? Whether you’re a newcomer to the world of trading or looking to expand your investment portfolio, delving into gold trading online can offer lucrative opportunities. In this comprehensive guide, we’ll walk you through everything you need to know to get started […]
Our Favorite Pin Bar Trading Strategies
The pin bar pattern is a popular pattern to follow and is incorporated in most successful gold traders’ plans. The pin bar indicates a rejection and reversal of a gold price. When you look at the tail of the pin bar, it indicates where the price was rejected and will continue to move in the […]
Set and Forget Forex Trading
Often times, people want to get involved in trading gold, but they don’t have the time or the desire to spend all day researching trends and market prices. The good news is there’s a strategy for those people called “set and forget.” The strategy is exactly how it sounds: you come up with a trading […]
Using Confluence for Your Forex Trading Plan
Newbies to trading gold on forex can easily get overwhelmed by all the terms used in the market. Confluence is one of those terms that can be difficult to understand, but valuable once it’s learned. When you understand what confluence is and what it signifies, you’ll be able to make better trading decisions. Not to […]
Forex Trading Support and Resistance
Any expert in trading gold online utilizes forex trading support and resistance. Being able to spot these areas on a chart can help make better short-term and long-term decisions, rather than making a knee-jerk reaction to a market spike or plummet. One unique thing about support and resistance is how differently people measure them at […]
Forex Trading: What Are Moving Averages?
Moving averages are pretty much exactly what they sound like when it comes to online gold trading. To determine a moving average, you will look at the average gold closing price over a certain number of years. This may seem like a lot of number crunching, but it will make much more sense when you […]
What Are Breakouts and How Can You Take Advantage?
There are a large number of terms to learn and understand when trading gold on forex, but “breakout” is one of the easier ones to remember. A breakout happens when the gold price breaks out of a certain range or other elements like support and resistance levels. When using breakouts in your trading strategy, the […]
