XAUUSD Long - Short - Charts

In trading, there are 2 types of trades, these 2 are:

Long (buy) - Going long means the trend is buy/bullish.
Short (sell) - Going short means the trend is sell/bearish.

Buying/Long vs Selling/short in XAUUSD Trading

Both terms in XAUUSD trading, refer to things traders do when opening a trade.

Buying Long - xauusd term used by traders when buying gold(when opening a buy trade).

Selling short - xauusd term used by traders when selling gold(when opening a sell xauusd trade).

Long - Long is another term used to refer to buying in xauusd, If a trader goes long it means that he buys the xauusd that is heading in an upwards trend direction. When the price is moving in an upwards trend the market trend is known as bullish trend.

Short - Short is a term used to refer to the selling of xauusd that is going in a downwards trend direction. When the price is going downward then it is known as to as a bearish market trend.

Basically the term, "selling short" can be refer to selling in the markets. Selling short is used to transact a xauusd that is predicted to depreciate in its value compared to another, when this xauusd is sold then it is the same as not holding value in this gold and holding the same value in another form against which this xauusd is traded against - mostly US Dollars.

Buy/Long

If the price is moving up we buy, this is known as going long - Hence long is just another term for buy. When the price trend is going up it is known as bullish, this is when a buy trade position is placed. A bullish trend is identified by drawing an up trend-line on a chart. The example illustrated below shows a long/buy trade signal.

Gold Buy & Sell Trades Guide - How to Open New Trade Order in Chart

Buy/Long

Sell/Short

If the price is moving down we sell, this is known as going short. When the market trend is going down it is referred to as to as a bearish. The example shown below shows a downward trend, this is when a short sell is placed. The short/sell is identified by drawing a downwards trendline on a chart. The example illustrated/shown below shows a short/sell signal.

How to Sell XAUUSD - Gold Buy & Sell Trades Examples Explained

Sell/Short - XAUUSD Buy Trade and Sell Trade

XAUUSD Charts

A chart provides a visual representation of trading prices (drawn on the y-axis) against time (drawn on the x-axis) for trading price interval. The movement of market prices is plotted on these charts. The chart can be drawn as candle charts like the one below or as line charts or bar charts.

XAU USD Buy & Sell Trades Examples Explained - How to Read and Draw Candle Charts on Software Platform

XAUUSD Chart - Candlesticks Charts

The three common types of charts used in xauusd are:

Candlesticks Charts
Line Charts
Bar Charts

These 3 types are covered and discussed on the lesson XAUUSD Chart Types.

Software

This is the software which is provided by a broker to help traders place their trades. Once you download & installs this software on your Desktop PC computer you then can begin to trade in the market. All trade positions are executed through this software. If you as a trader want to learn a software, MetaTrader 4 Software Platform is a good platform to begin with.

To set these trade orders, open MetaTrader 4 Platform Software, open a 'chart', rightclick the "chart', select and choose the 'New Order' & then select order either buy or sell as shown below. (Short-cut key-board Keys - Press 'F9')

How to Open Trades on the MT4 - XAUUSD Buy & Sell Trades Course - How to Use MT4 Platform Explained

Placing Buy Long Order and Sell Short Order on MT4 Platform Software

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