When traders refer to gold it is generally assumed to be against the US dollar. But it can be traded against most currencies and, if you look at its performance against them of late, it has not performed well at all. In today’s video we look at our gold basket index (gold vs FX majors) to highlight weakness for the yellow metal, then refer this back to our view on gold against the US dollar on the daily and four-hour charts.
How to start gold trading
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- Search for the pair you want to trade in our award-winning platform.
- Choose your position and size, and your stop and limit levels.
- Place the trade.