Do You Trade XAUUSD (Spot Gold)? | Page 2 | Metals Mine

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Do You Trade XAUUSD (Spot Gold)?

  • #21
  • Dec 13, 2006 12:41am Dec 13, 2006 12:41am
Ty notouch- arbitrage is not a trading strategy that I am am experienced enough to implement- or have enough capital to bankroll a strategy etc..

I do see how having many various exchanges- all trading spot gold cotracts- you could play off the price differences between them!

MRIppy
  • #22
  • Dec 13, 2006 8:31am Dec 13, 2006 8:31am
Quoting GirlFlyer
Spread goes to 100 during usually during Asian session at nights. But I usually only trade it during NY hours because NY controls the gold.
Thanks for letting me know.
  • #23
  • Dec 13, 2006 10:32am Dec 13, 2006 10:32am
Quoting aparsai
Thanks for letting me know.
Your welcome... btw today was a good short setup for 500 points. Started rolling over around 630, dropped to 623.5 before shooting back up on the oil inventories.

If you do trade gold, it responds with volatile action in response to oil news. Big hedge there by most people.

GF
  • #24
  • Dec 13, 2006 11:18am Dec 13, 2006 11:18am
Quoting GirlFlyer
Your welcome... btw today was a good short setup for 500 points. Started rolling over around 630, dropped to 623.5 before shooting back up on the oil inventories.

If you do trade gold, it responds with volatile action in response to oil news. Big hedge there by most people.

GF
I have to watch it more closely. It seems there are good opportunities there.

Thanks for your good advice.
  • #25
  • Dec 13, 2006 11:23am Dec 13, 2006 11:23am
Currently seeing bid/ask of 630.50/630.90 on CBOT January contract. Fairly typical.
  • #26
  • Dec 13, 2006 2:02pm Dec 13, 2006 2:02pm
I do trade gold, but I only bought gold just after GW Bush was elected, for the long term, not for daytrading.
  • #27
  • Dec 14, 2006 5:32am Dec 14, 2006 5:32am
Trade gold futures mostly.A lot. Several times a day. Hillarious fun all the time.
  • #28
  • Dec 15, 2006 5:57am Dec 15, 2006 5:57am
Thanks for your feedback. Good Luck guys.
  • #29
  • Aug 28, 2008 5:57pm Aug 28, 2008 5:57pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I'm wondering if any gold traders out there use the Volume indicator that comes standard with MT4 charting. Is it reliable?
"Wishful thinking dies hard." Igor T.
  • #30
  • Aug 28, 2008 6:39pm Aug 28, 2008 6:39pm
it isnt a true volume indicator. instead of showing all of the trades open in that pair, i.e. how many lots are being traded, it shows how many new positions are opened through the broker in that time period. if youre using Alpari and youre looking at a five min chart, and the volume is 60 that means there have been 60 trades opened through alpari in the past five minutes. this isnt reliable because there could really be 400 trades in that have been open for a while or it could be the same guy putting in a trade, closing it, and putting it back in 60 times. i personally dont use it at all.
  • #31
  • Aug 28, 2008 7:31pm Aug 28, 2008 7:31pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting blacksun1
it isnt a true volume indicator. instead of showing all of the trades open in that pair, i.e. how many lots are being traded, it shows how many new positions are opened through the broker in that time period. if youre using Alpari and youre looking at a five min chart, and the volume is 60 that means there have been 60 trades opened through alpari in the past five minutes. this isnt reliable because there could really be 400 trades in that have been open for a while or it could be the same guy putting in a trade, closing it, and putting it back in 60 times. i personally dont use it at all.
Oh I never knew that. It's a very small snapshot of a very large market...seems pointless then. So are all the standard MT4 Volume indicators computed the same way for all markets? I was using one on my US indices charts, but if its computed the same way, then that's definitely not too accurate.
"Wishful thinking dies hard." Igor T.
  • #32
  • Aug 29, 2008 11:46am Aug 29, 2008 11:46am
im not quite sure, but i know thats what the volume that shows up on the bottom of the chart and the indicator "Volume" do. you might be able to find a real volume indicator out there. the reason its hard to find is that the only data that say alpari has to work with is their data. they dont have FXDD's volume or Interbank's volume. thats why it's almost impossible to see how much volume is in the market through a broker. you would probably have to use an outside source to figure it out.
  • #33
  • Aug 29, 2008 1:55pm Aug 29, 2008 1:55pm
i trade with oanda the spread is from 60-45 pips from asian - us market times(most active london -NY markets ) ... and i usually trade this pair 3-4 times a week using high and low breaks, and fibo retr( surprisingly it respect the fibo 50% and 61% levels almost all the time)
great pair to trade intarday but very volatile!!

good luck all and trade well !!!!
  • #34
  • Sep 5, 2008 7:06pm Sep 5, 2008 7:06pm
Quoting iya
I can trade gold and gold futures with alpari. 100 pip spread (10 ticks).
One question though, does 'XAU' really mean 'gold'?
From http://www.kitco.com/ :The XAU is an index traded on the Philadelphia exchange. It consists of 12 precious metal mining companies.

AU is the chemical symbol for gold AG for silver. Hence XAU and XAG
  • #35
  • Oct 31, 2011 11:01pm Oct 31, 2011 11:01pm
Hi all, i want to know volatile active trading hours for XAU/USD? what time is it? thanks.
  • #36
  • Nov 2, 2011 8:09pm Nov 2, 2011 8:09pm
Answers,

Yes, either on a scalping and or position trading basis.

Gold is HIGHLY LIQUID.

I trade (buy and sell) physical metal as well. Liquid as the water out of your tap.

More than once a week. Even if just re-arranging positions.

Yes Via FX broker.

Futures Gold is the more True way to trade, but there is no "paper based" option for trading spot, that's where the FX broker filled a void. Yet, the leverage in the US is now 1:1 due to the fact that it is trading based on pure speculation, ie: spread betting or CFD trading like in the UK.

There is no real gold backing held by your FX broker that you take "paper possession of during the trade" this is why the leverage was changed.

It would be nice if futures brokers offered spot as well.

With 1:1 leverage, trading physical can be more lucrative at times with the right source and buyer.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #37
  • Jan 30, 2013 12:15pm Jan 30, 2013 12:15pm
my broker HotForex provides me with 16 pips spread (5.decimal), no sh*ts around that, no commissions, no requotes or any other unpleasant things... i can just recommend, trading there all high news releases containing just USD and EUR-related news - complete satisfaction for my (your) account. one thing I've noticed; still don't know if thats all right, but I was witness of "spread-criss-crossing-dont-know-how-to-desribe" effect, I mean, at night hours, there was spread variating from 5 to -5 pips -> got quite some money from this "anomaly", but this was just one-time event, never seen it again, but EA is watching spreads for more trades. did this happen sometimes to you?
  • #38
  • Feb 25, 2013 8:54am Feb 25, 2013 8:54am
yes i do..almost everyone does..
  • #39
  • Jun 14, 2015 6:15am Jun 14, 2015 6:15am
Can anyone come to me with this...I need some suggested statements.
  • #40
  • Last Post: Jun 18, 2015 3:58am Jun 18, 2015 3:58am
In my humble opinion now that FED won't rate hike in near future, Gold might return to 1200 Chanel again as a safe heaven against Grexit.
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