Over the years of monitoring and analyzing the gold market we noticed many profitable rules and patterns. We successfully applied them and are still applying them for our precious metals trades and we will share our knowledge on this page.

It took years of analyzing, testing and using our own capital to make sure that these points are really useful. The tips that you find below should make trading gold easier and much more profitable. There's a day money-back guarantee on all purchases, so we encourage you to subscribe today. Sign up for free.

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Gold Price in May Gold Trading Signals Gold Signals. Keep the sizes of your gold, silver and mining stock trading positions small. Other indicators can be useful as well, but be sure that you examine them before you decide to make trading decisions based on them. The more significant lows or highs are used for creating a given trend line or channel, the stronger the support or resistance is.

The more significant the high or low is, the stronger the resistance or support. Note that markets have not only a cyclical nature, but a fractal one, too. The rallies and declines are self-similar , which means that price patterns that we saw on a bigger scale are quite likely to be seen on a smaller scale proportionately. This observation can be of great help when determining how low or how high gold, silver or mining stocks will move.

Pay attention to volume.

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The volume is a very important, yet often overlooked, piece of information. If a decline is accompanied by high or rising volume unless there is a day when the price visibly reverses , then the decline is likely to continue. If a decline is accompanied by low volume, then there are no meaningful implications yes, the situation is not symmetrical in this case.

Invalidation of a breakout is a bearish sign and invalidation of a breakdown is a bullish sign. Analyze more than the market in which you want to trade. Be sure to check what markets were moving in tune or in the opposite direction to gold before and make sure that their impact is likely to be supportive of the trading position that you are about to open.

Sometimes ratios can be utilized to see something from a non-USD perspective gold to UDN ratio is the weighted average of gold priced in currencies other than the US dollar, with weights as in the USD Index — this ratio can be used to confirm major moves in gold or suggest that these moves are just temporary as they are only visible from the USD perspective.

Even if you are placing a short-term trade, be sure to check the medium- and long-term trend.

Generally, the longer the time frame, the stronger the support and resistance levels, so even if you analyzed the short-term picture, it can be the case that a given move will be stopped by a medium- or long-term resistance. Be on the constant lookout for anomalies. When you see something odd, investigate and find the reason behind it and check if anything similar happened previously — if yes, check what happened next. If not, then perhaps the reason behind the anomaly resulted in something else that had a more specific effect on the precious metals prices.

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If the vast majority! Conversely, if everyone and their brother is bearish on the market, then a bottom is very likely close to being in or already in.

Even if your primary approach is to trade gold, we still encourage you to consider dedicating a part of the capital to long-term investments — it should lower the overall variability of your returns and making gains more stable. There are also other benefits that we outlined in our very first report in which we discussed whether trading gold or investing in it is more profitable.

Before you decide to follow a given analyst , be sure to check how long they have been in the business and if they are known for their good performance. Gold Alerts More Status Quiet Breakdown and Visible Invalidation June 21, , 9: Strength in Mining Stocks and Its Implications June 20, , 8: June 19, , 9: Recent articles More June 21, ,