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How to View Tradingview Xauusd Charts?

Many investors trade on the Tradingview platform and find Xauusd to be an attractive forex pair. However, to trade with this product, it is impossible not to know how to view the chart. So what is Tradingview Xauusd ? How to view Xauusd Tradingview chart? Let’s explore those contents through the following article of Learn Forex Trading

Learn general information about Tradingview and Xauusd

Before learning about Tradingview Xauusd, let’s learn about the specific concepts of Tradingview and Xauusd.

What is Tradingview?

TradingView is an online platform that provides charting and technical analysis tools for the financial markets. Not only can it be used directly through the website platform, but you can also download the application to your phone. Tradingview’s interface is quite simple and easy to use, so it is favored by many investors.

TradingView is also considered a miniature social network for traders to easily share analyses and discuss issues related to the foreign exchange market.

What is Xauusd?

In the phrase “Xauusd” the meaning is separated and analyzed as follows:

  • AU: in Latin means gold
  • X: suffix in currency pairs and XAU
  • USD: represents the US Dollar

In short, XAUUSD is a quote for the price of gold in US dollars. This is a value pair determined based on the value of gold and USD. When traders invest in the Forex market, they need to choose currency pairs with large differences and many fluctuations to ensure the highest profit. However, XAUUSD targets the two most popular currencies in the world, whose value always tends to change, including the US Dollar.

See more: XAUUSD Tradingview, how to trade successfully

Tradingview Xauusd price chart role

To be able to grasp, track, and analyze gold price trends in the market, you need to know what this gold Tradingview chart means. Specifically, the gold price chart on Tradingview has the following important roles:

  • Update gold price data: You can know gold price information in short time frames. From there, you can enter an order if you see the price at the most attractive level.
  • Grasp the trend: Looking at the chart you can grasp the up or down trend when choosing a longer analysis time frame.
  • Predict the situation: Thanks to the predictive information provided by the Tradingview Xauusd chart, you can completely anticipate the situation. At the same time, know when to invest or react promptly in unexpected situations.
  • Find the future gold price trend: Through daily, weekly, and monthly charts, you can find the future gold price trend and then apply an appropriate and effective investment strategy.

Explore trading view XAUUSD interface

The interface of the TradingView Xauusd chart has many items that you need to understand. Below is a description of the important items on the TradingView interface when you monitor the Xauusd currency pair:

  • Search toolbar: This toolbar allows you to search for resources such as gold prices, stocks, commodities, and gold CFD TradingView … You can also consider it as a tool to find ideas trades, or other instruments you are looking to track.
  • Scripts: This is where toolkits and indicators to support users’ transactions are stored such as trend analysis tools, volume analysis tools, oscillating indicators…
  • Filter: Filter will help you filter out products according to your wishes. Currently, Tradingview will allow users to filter in 3 types including Forex filter, stock filter, and cryptocurrency filter.
  • Charts: On the Xauusd interface, the chart is what is of most interest. It allows you to review the prices of products, including gold.
  • Additionally: This is an area that provides information related to blogs, news, and solutions for brokers…

How to view Tradingview Xauusd price chart

An indispensable skill if you want to trade smoothly is knowing how to read the Xauusd price chart. Let’s learn how to view the Xauusd price chart on the Tradingview platform through the section below.

Xauusd chart timeframe

First, when looking at the Xauusd chart on Tradingview, you need to observe the time frame. Here it will express different time frames, be it hourly, daily monthly, or yearly. To analyze gold prices, you can consider the following 3 time frames:

  • Short time frame: a trading time frame for a short period, less than 1 hour. Specifically includes 1 minute, 3 minutes, 5 minutes, 15 minutes, 30 minutes, and 45 minutes. Based on the 1-minute and 3-minute time frames, you can monitor the change in the immediate price of gold.
  • Average time frame: A specific hourly time frame such as 1 hour, 2 hours, 3 hours, or 4 hours. You can use these time frames to monitor gold prices over short periods. 
  • Long time frame: This is a long-term time frame, which can be daily, monthly, or yearly. Based on this time frame, you can get an overview of the future trend of gold price fluctuations. 
On the Tradingview Xauusd chart, there are many different time frames
On the Tradingview Xauusd chart, there are many different time frames

How to express Xauusd price

Next, you need to pay attention to how prices are represented on the Tradingview Xauusd chart. Most investors with small capital will buy gold in grams, so they will see the price of gold according to the gram chart. Banks or governments will buy gold in larger quantities, so they will rely on the Ounce or Kilogram chart.

Gold price charts will often be displayed in the following forms: 

  • Japanese candlestick chart
  • Bar chart chart 
  • Range chart 
  • Line graph 
  • Renko chart 
  • Point & Figure Chart 
You can choose the chart type on Tradingview Xauusd
You can choose the chart type on Tradingview Xauusd

Among those gold price charts, the Japanese candlestick chart is the most popular and used chart type. Because this is a form of financial chart that ensures complete and clear information about price fluctuations. 

Xauusd price chart technical analysis tool

Finally, on the Xauusd Trading price chart. You will need to pay attention to technical analysis tools. Normally, when applying technical analysis, there are two ways to analyze. 

  • Method 1: look at the shape of the candle on the Japanese candlestick chart to consider the price of gold. 
  • Method 2: take advantage of technical indicators inserted into the Tradingview chart to analyze gold price fluctuations. 

There are many different technical indicators for traders to choose from. And each indicator will bring a certain signal. However, you need to know more than 2 technical analysis tools. Because these tools do not always give accurate signals. 

Smart investors will often use many different tools to get the most accurate signal. Popular tools include: 

  • Bollinger Bands 
  • MACD line 
  • EMA line 
  • Relative Strength Index RSI 
  • Ichimoku Cloud 
  • Stochastics indicator 
Gold price chart offers many different types of tools
Gold price chart offers many different types of tools

If you can understand and know how to view the Xauusd price chart on Tradingview. You can also find more specific price models in the gold market. Some of the most used technical analysis patterns include head and shoulders, cup and handle, triangles, and wedges. 

See more: Instructions for registering an XM account

The reason you should learn how to view the Xauusd trading price chart

Previously, when there was no Tradingview, traders would have to update the Xauusd price chart on the software provided by Forex exchanges. But except for XTB’s xStation, most previous software is outdated and does not provide high accuracy.

If you use any other middleware, additional costs will be incurred. But even that middleware is difficult to use. Needing to add technical indicators manually is very laborious and time-consuming.

But since Tradingview was born, this platform has completely solved the above problems. Therefore, the Xauusd trading price chart is trusted and chosen by many traders. 

Epilogue

Tradingview Xauusd chart is a powerful tool for investors in the foreign exchange market. This tool helps you easily grasp the fluctuating trend of gold prices at any time. Hopefully, the article shared by Learn Forex Trading has helped you better understand the Xauusd price chart on Tradingview. From there, you will know how to view the chart and trade smoothly to gain profits.

Frequently asked questions?

How to open Tradingview Xauusd chart?

Log in to the Tradingview account you registered previously. Click on “products > chart” on the menu bar. When the chart appears, type in the product search as “Xauusd”.

How to view market information and news related to gold prices on the chart?

You go to the Xauusd chart on Tradingview. Then select “News” in the upper right corner of the screen with 3 dashes.

How to learn about gold price trends and forecasts?

You can use technical analysis tools. Also, read the chart to evaluate future trends and forecast gold prices.

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