Trading on Multiple Charts XAUUSD Scalping Strategy

1 Minute Scalping Strategy PDF

Scalpers

This group of traders holds on to their gold trades for only a few minutes. Xauusd scalper never holds on to a trade for more than ten minutes. With the objective of making small amounts of pips as profit, 5 - 20 pips.

A Scalper using 1 min chart timeframe wants to go long, checks 5 minute chart time-frame, which looks like the one below, since 5 minute chart timeframe show xauusd trend is going up, then decides from this chart technical analysis it's okay to buy.

XAUUSD Scalping on Multiple Charts - Chart Timeframes - 1 Minute Scalping Strategy Guide

Traders using technical analysis use xauusd charts to try & attempt to predict the movement of gold trading price on the gold charts.

XAUUSD Scalping traders will sometimes use two or more xauusd chart time-frames so as to determine the long term xauusd trend and short term gold trend.

How to Define A XAUUSD Price XAUUSD Trend for Scalping XAUUSD

Using a xauusd system that has Three indicators - Moving Average Crossover System, RSI and MACD and using simple rules to define the gold trend. The trading rules are:

Upwards Gold Trend

Both MAs Moving Up

RSI above 50

MACD Above Center line

Downwards Gold Trend

Both MAs Moving Down

RSI below 50

MACD Below Center line

Multiple Charts time frames analysis equals using 2 chart timeframes to trade xauusd - a shorter one used for trading & a longer one to check XAUUSD trend - chart timeframes that you choose for gold trading price action with will depend on the type of trader you are: for Scalping Traders the chart timeframes used for trading will be example of 1 minute chart timeframe & 5 minutes chart time-frame.

Since it is always good to follow the xauusd trend when xauusd scalping, in Multiple Chart Timeframe Analysis, the longer 5 minute chart timeframe gives us the direction of the long-term xauusd trend when scalping trading using 1 Minute Gold Chart Time-frame.