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Forexearlywarning has a high confidence gold trading system that uses gold correlated pairs and our real time heatmap system. The chart setup also had gold correlated pairs for increased confidence on your trade entries. This gold trading system can also be applied to other gold trading instruments like gold cryptocurrencies and Gold ETFs.

Basic Principle To Increase Trading Confidence

Most gold traders trade the XAU/USD pair due to the wide availability and low spread. This makes sense. But almost always gold traders ignore the cross-currency strength or weakness to get to the best possible trade. Look at the example below Most XAU pairs dropped consistently but some moved slightly faster and easier because the cross currencies have some strength.

Real Time Gold Sell Signals

Gold Charting System

The top tool you see is The Forex Heatmap® with gold pairs isolated. It works for 28 forex pairs plus all correlated pairs against the major currencies, plus gold. Right click on the charts above and open in a new window to see two XAU/USD time frames plus two more correlated pairs. You can add two more correlated pairs to have 6 charts on one screen for high confidence gold trading.

Gold Trading System Chart Setup With Correlated Pairs

With the live gold signals above you can see most gold pairs had somewhat even movements. This is because gold was weak but most of the cross currencies were neutral in this trading particular session. Selling XAU/USD is probably okay in this situation. But sometimes if XAU is weak the USD will also be weak and it obliterates the trade. Always trade strong versus weak using these live gold trading signals. Selling XAU against USD, NZD or GBP was probably okay with this signal on this trading day. Check your platform for these pairs and check to see if the spreads are acceptable. This live tool for trading Gold is called The Forex Heatmap® and is also accurate for trading 8 currencies and 28 forex pairs.

For your gold trade entries, set up your charts with several correlated gold pairs to match the heatmap configurations. For trade entry verification, gold traders can use our Gold Heatmap live indicator with correlated pairs. The chart you see above are our free trend indicators set up on multiple correlated pairs and two time frames on XAU/USD, top notch professional setup with our live gold heatmap indicator. You can set up as many as 8 gold pairs on one screen or use more than one time frame on the same pair.

You can set up your charts using the metatrader profiles with correlated pairs on Metatrader or any equivalent charting system. Some brokers outside USA offer a direct copy of our multi-chart system for all gold pairs and this is an impressive charting system for spotting strong gold movements and high confidence trading.

Gold Brokers

Many forex traders outside the USA offer gold trading. You can get many broker choices with leverage as high as 500:1. Inside the USA CFTC regulations are restrictive on gold trading. Most prop firms are located outside of the USA so Gold is available for trading, even for USA clients, in a funded forex account. Gold is the most popular asset traded by prop firm traders and XAU/USD has high liquidity, volatility and low spreads.

Gold Pairs And Other Instruments That Can Be Traded

XAU/USD or any other combination of XAU against a major currency, assuming the spread is low, can be traded with this heatmap and chart system. XAU/USD is the most widely traded and the spread is very low. Trading Gold via crypto tokens is also an option via Pax Gold and XAUT Tether Gold, with up to 10x leverage. XAUT plus a total of 10 other tokens opens up possibility of gold perpetual futures trading on margin also. On equities trading platforms, SPDR Gold Trust ticker symbol GLD NYSEARCA: GLD trades like a stock on the NYSE. Ticker symbol GLD has high liquidity and can be traded as a stock or with vanilla put and call options. So GLD is optionable and buying or selling vanilla puts and calls like selling covered calls is also possible.

Example Trade Scenarios for Gold

If Gold is strong best scenario is to trade against weak cross currency for best movement.

If Gold is weak best scenario is for trade gold against strong cross currency.

Gold pairs are two instruments XAU/XXX so all of the principles of strength against weakness and parallel and inverse analysis apply to gold pairs, same as any currency pair in our system. Our principles for our entire trading system for 28 currency pairs also applies to gold trading. Trend, momentum and price target will always net you winning trades.

Alert Systems For Gold

Gold traders can set price alerts at price breakout points to notify them when the price might be moving. These are desktop audible price alerts. Gold traders can also set straddle alerts, which is two breakout alerts at support AND resistance breakout points to monitor gold movements in two directions. When the price alert hits check our Gold heatmap for trade entry verification. In many instances gold starts moving after USD news drivers, so the news calendar is also a valuable tool for knowing when to monitor gold.

Gold Trading Price Alert

Gold Buy Signal

Gold Versus Euro XAU/EUR Chart

Forexearlywarning also has a push alert system for 8 currencies on Telegram. If you get a push alert that the USD is weak you can check XAU/USD for a buy trade entry. Works the same way in two directions for all 8 Gold pairs.

Our Views of Gold As A Trading Instrument

Since we launched the gold heatmap we have seen many impressive movements. Gold is volatile, it is widely traded, high liquidity, popular among the entire trading community and can give traders 1 or 2 strong movement cycles per week. We feel like it is a strong addition to the Forexearlywarning trading system and will add to pip totals. We believe our clients agree with this view and gold will be a welcome addition to our trading system.

The EUR/NZD is in a strong downtrend on the major time frames like the W1 and MN time frames. When analyzing all of the NZD pairs, the NZD is currently strong on all pairs. Traders can set an audible price alert for a sell at 1.5030, this price is noted on the chart below. The next major support is at the 1.4250 area or lower, also noted on the charts. We also have other sell plans based on NZD strength in our daily trading plans.

EUR/NZD Strong Downtrend

To perform the analysis of the EUR/NZD we used multiple time frame analysis by individual currency, which is very powerful and revealing. The analysis revealed that the EUR/NZD was in a strong down trend based mostly on the consistent NZD strength in the market. Currently, the EUR pairs are somewhat neutral or choppy. If any EUR weakness comes into the market, perhaps after tomorrow’s EUR news drivers on the economic calendar, we expect a strong sell off on this pair. The Forex Heatmap® and live heatmap alert system will keep us apprised of any EUR weakness in the market in real time.

The EUR/NZD is a great pair for trading. This pair fairly high volatility and can be traded in both trading sessions, the Asian trading session and the main trading session. It can be traded after NZD news on the forex news calendar in the Asian session. Trading 28 pairs with trend indicators and great tools like The Forex Heatmap® forex heatmap is far superior to scalping the EUR/USD over and over with unreliable technical indicators.

Today in forex trading the USD/CAD and EUR/CAD moved higher on CAD (Canadian Dollar) weakness. The USD/CAD moved nearly 150 pips today and should continue higher on the H4 and possibly D1 time frames, but the major trend on this pair is down on the MN time frame. The USD/CAD still has upside potential to move higher going forward for 1 or 2 two days. Sometimes currency pairs move higher on the H4 or D1 time frame even though they are in long term downtrends, so traders must scale out lots and manage the trade with stop orders to preserve any profitable trades against the major trends.

The EUR/CAD also moved higher on the CAD weakness, but this pair is inside of various levels of resistance, for that reason we would scale out lots or exit this trade. The forex signals for the CAD pairs are shown below from The Forex Heatmap®, along with the price chart movement. The heatmap provides accurate trading signals for 28 currency pairs that are better than any free forex trading signals or paid signals used by traders now. These signals can be used for day trading or entering new or existing trends on the higher time frames.

Forex Trading Signals CAD Weakness

Forex Trading Signals USD/CAD Chart

The NZD/USD is in an uptrend on the larger time frames. The W1 time frame is shown below in the image. Current resistance and price alert  point is at 0.7305, annoteted on the chart below. Forex traders should set an audible price alert at this price on their trading platform or metatrader to help to intercept the movement.

Then when the audible price alert hits you can verify any buy trades with The Forex Heatmap®, our real time visual map of the forex market. You would check the heatmap for NZD strength, or USD weakness, or both for trade entry verification. The next resistance level is at the 0.7500 – 0.7700 level as noted on the chart on the left. This is 200 to 400 pips of upside potential as the USD weakness is prevalent in the market now.

NZD/USD Uptrend

Today in forex trading the GBP (British Pound) was weak on across most pairs in the group and this drove strong price movement. The live trading signals for the GBP and JPY (Japanese Yen) pairs are shown below from The Forex Heatmap®. These are strong trading signals. The GBP/JPY had strong sell off and broke through short term support levels and into their long term trends. The NZD/JPY also sold off on the overall JPY strength in the market today. The GBP/JPY is in strong downtrends on the larger time frames like the W1.  This pair is at post-Brexit lows, and the GBP/USD is at a multi year low. We see a lot more sell potential ahead on these pairs.

The Forex Heatmap® provides live buy and sell signals for 28 currency pairs. You can see the signals from the JPY and GBP pairs in the images below along with the nearly 125 pip sell off in the GBP/JPY. Forexearlywarning is a top notch trading services provider that traders look to for increasing their pip totals across 8 different currencies. We send push alerts to your cellphone when the market is moving across 8 currencies and 28 pairs.

Live Forex Signals GBP and JPY Pairs

Live Forex Signals GBP/JPY Chart

The NZD/CHF is trending higher on the W1 time frame. Traders can set a an audible buy alert at the 0.6985 resistance area, which is noted on the chart by the yellow line. This is the next resistance breakout point.

When the price alert hits price check The Forex Heatmap® for a confirmation buy signal. The NZD/CHF has great upside pip potential past the alert price up to the 0.7400 area resistance level, noted on the trend chart below. So the overall pip potential is about 400 pips, which means that the risk/reward ratio and money management ratio for this trade is excellent. We conduct all of our trend analysis using multiple time frames of trends. We isolate each currency like the NZD and CHF plus six other currencies and analyze them separately to develop trend based trading plans for 28 pairs..

NZD/CHF Trend Analysis

Here is our current trading plan for the NZD/USD pair. The NZD was strong in the Asian session today so after this pair consolidates, we will set an audible price alert for a buy at the near term resistance, just past 0.7130. See the W1 time frame chart below. When the price alert hits check The Forex Heatmap® forex heatmap for a confirmation buy signal.

The W1 time frame uptrend shown below indicates that the current pricing is around 0.7120, overall pip potential is up to the next major resistance at 0.7550, shown on the chart. This is about 400 pips of upside potential, so the money management ratio is excellent on this trading plan since we are using the higher time frames. So the forex money management strategies like risk reward ratio is always going to be favorable when using the higher time frames. We suspect we will be issuing several trading plans based on NZD strength for the other NZD pairs we follow tomorrow in our daily trading plans.

NZD/USD Trading Plan

The GBP/USD trend analysis is presented below. This is the chart of the GBP/USD on the W1 and MN time frames. This MN time frame trend is still new and at the beginning of the cycle and has plenty of upside potential. Traders should set an audible buy alert at 1.2850 on this pair, noted by the yellow line. When the alert hits check The Forex Heatmap® forex heatmap for a confirmation buy signal.

Since the MN time frame uptrend is still at the early stages, the upside potential is up to the 1.3640 resistance, or possibly higher.  The GBP is strong on all pairs right now based on an analysis if the trends by individual currency. Also, there are GBP (British Pound) and USD (US Dollar) news drivers tomorrow morning in the main session, so this trend could continue building tomorrow in the main forex trading session, which is one of the best times to trade the forex market. The W1 time frame is also presented, which magnifies the W1 trend so you can see the breakout points and targets much better.

These trade charts are easy to set up for all 28 pairs and the chart analysis techniques are available at Forexearlywarning.com for any trader.

Forex Trade Charts GBP/USD MN

Forex Trade Charts GBP/USD W1

Today in forex trading the JPY weakness caused strong movements on many pairs. The GBP/JPY had a buy signal on The Forex Heatmap®, along with several other JPY pairs showing great quality trading signals. The British Pound to JPY exchange rate moved nearly 150 pips. The other JPY pairs also moved much higher, and the total pip movement of all JPY pairs was impressive.

Based on today’s strong movements on the JPY pairs, along with D1 uptrends in place, we expect all of the JPY pairs to continue higher. The real time forex signals from The Forex Heatmap®  are shown below along with some of today’s GBP/JPY price chart movement. The GBP/JPY should continue higher to the 159.00 resistance area, and the other JPY pairs have significant upside on the larger time frames. The Forex Heatmap® provides live buy and sell signals for 28 currency pairs, it is an easy to read tool for guiding all of your forex trade entries. We send push alerts to your cellphone and desktop when the market is moving on 8 different currencies.

GBP/JPY Buy Signal

GBP/JPY Chart

Using these simple trend indicators for the AUD/USD, we will illustrate how to find trending pairs on the larger time frames. The AUD/USD is trending up on the W1 time frame, which is shown below in the image. The current resistance and price alert point is 0.7820, noted by the yellow line on the right. Traders should set an audible price alert here.

When the alert hits check The Forex Heatmap® forex heatmap for confirmation buy signal. The next resistance area is 0.8025, just over 200 pips away. So the money management ratio for this trade is excellent. If the MN time frame uptrend forms the potential is much higher. The trend indicators you see are exponential moving averages, which we use to analyze 8 currencies and 28 currency pairs for our daily trend analysis and preparation of our trading plans. Set them up using 5 and 12 time periods and color them green and red, respectively.

AUD/USD Trend Indicators