Best indicator for gold trading

[Rufus9]

this is the best indicator in the world for gold and currency trading

Download indicator here:https://payhip.com/b/zdQ8

 

[Radha Madhav Marble]

Convergence/Divergence)-is a technical analysis indicator based on the difference between moving averages calculated in different periods.
 

[Kerazan]

Trading gold is basically the same as using currency pairs. But there are small differences, the main one is that the gold price moves 20 pips in 1 hour, while the currency price moves up or down by only a few pips.
I use the same indicators and advisors as I do on other currency pairs. Surprisingly, gold is a more interesting tool than some stocks. For example, the IBM stock is moving at 4 points per hour, but it is still far from the gold speed.
The choice of indicators for gold is similar to the choice of indicators for the currency pairs. During the flat it is advisable to use indicators such as MACD, Stochastic Oscillator, and in other cases, you can use the moving averages and other tools.
You can also use special indicators for trading gold, based on correlations, which show the information on several currency pairs in a single window. A striking example of such a tool is the gold indicator called Overlay Charts.

[Resolve]

On 11/4/2021 at 2:27 PM, Kerazan said:

Trading gold is basically the same as using currency pairs. But there are small differences, the main one is that the gold price moves 20 pips in 1 hour, while the currency price moves up or down by only a few pips.
I use the same indicators and advisors as I do on other currency pairs. Surprisingly, gold is a more interesting tool than some stocks. For example, the IBM stock is moving at 4 points per hour, but it is still far from the gold speed.
The choice of indicators for gold is similar to the choice of indicators for the currency pairs. During the flat it is advisable to use indicators such as MACD, Stochastic Oscillator, and in other cases, you can use the moving averages and other tools.
You can also use special indicators for trading gold, based on correlations, which show the information on several currency pairs in a single window. A striking example of such a tool is the gold indicator called Overlay Charts.

When we are doing our trades in the Gold markets we will have to use the Longer Time Frames.

[Hanan Öberg]

The best indicators for gold trading include Moving Averages for trend identification, RSI for overbought/oversold conditions, Bollinger Bands for volatility analysis, and Fibonacci Retracement for key support and resistance levels. MACD helps confirm trend direction. Combining multiple indicators with proper risk management enhances accuracy in gold trading decisions. LQDFX broker provides traders with more than 200 technical tools to analyze the market.

[uncle gober]

All the facilities provided by the broker must be utilized as well as possible by traders. Because with the facilities from this broker, it is very helpful to learn more about forex. Like I use education from Tickmill, so I can deepen my knowledge and understanding of the forex market.

[maspluto]

Success in forex trading doesn't happen overnight. It requires time, patience, and a structured learning process. That’s why I’ve chosen to go through each step carefully—learning, practicing, and ultimately trading confidently with Tickmill, aiming for consistent profits.

[uncle gober]

Starting your forex journey can feel overwhelming, but the key is to take it step by step. As a beginner, focus on learning the basics and practicing regularly. Tickmill provides a reliable demo account that mirrors live market conditions, making it perfect for testing strategies without financial risk. It's the ideal way to build confidence before going live.

[maspluto]

Many believe trading is a game of chance, but real success comes from consistent habits and discipline. Tickmill supports this journey by offering a solid platform and reliable market insights that help me trade smarter every day.

[Zeologic]

When trading gold, the risk of volatility is quite high because the high daily average in gold allows traders to gain high returns. However, risk management is very crucial in gold trading. For this, I trade using the FXOpen platform, preferring to use pending orders to anticipate risks with a risk management plan.

[Newman4566]

The best indicator depends on your strategy, but many traders combine moving averages (like 50/200 MA) with RSI for overbought/oversold signals. For trends, MACD works well. Also, watch Fibonacci retracement levels and economic news (Fed rates, inflation). No single tool is perfect—use multiple indicators for confirmation.