IC Markets
How to Read a Gold Chart
2:29 · 8 chapters · gold trading series, part 5 of 5
What you'll learn
A two-minute routine for any gold chart: the trend, support and resistance zones, round numbers, three timeframes and breakout and retest.
Go further with our gold trading guide, size a trade with the free gold lot size calculator, or see these ideas on today's chart in our daily gold analysis.
- Key point 1
- Uptrend: higher highs and higher lows
- Key point 2
- Draw support and resistance as zones
- Key point 3
- Gold often reacts near round numbers, with no guarantee
- Key point 4
- Daily for direction, 4 hour for zones, 1 hour for entry
- Key point 5
- Fake breakouts happen: always use a stop
Contract facts from exchange and regulator rules; every price and account size in the video is an example. Education, not financial advice.
The rest of the gold series
The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.