Suggestion on Gold trading

Discussion in 'Trading' started by Waylen, Jan 16, 2024.

  1. Waylen

    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?
     
  2. kmiklas

    kmiklas

    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.
     
    Last edited: Jan 16, 2024
  3. zghorner

    zghorner

    I don't think there is one available for a retail trader.
     
    zdreg likes this.
  4. Lymos

    Lymos

    Arbitrage :)
     
  5. kmiklas

    kmiklas

    Pair trade gold and silver ETFs maybe? $IAU/$SLV?
     
  6. SmithFX

    SmithFX

    Gold will shake your mind if you go for long positions so better going for short positions.