CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The vast majority of retail investor accounts lose money when trading CFDs.
76.09% of retail investor accounts lose money when trading CFDs with this provider.

Gold Signals: Top Indicators & Choosing a Provider

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Author: Leon Marshall
Nowadays forex and crypto is the talk of the day but gold remains popular regardless of other assets.

What is the best gold signal? It depends on how the market is feeling on any given day. That’s why there are signal providers who perform thorough analysis of this for you. However, before and even after jumping into a subscription plan with any of them, traders need to have at least some knowledge of how the gold market operates. As an example, indicators are useful tools for reading gold price movement charts better. 

Nowadays forex and crypto is the talk of the day but gold remains popular regardless of other assets.

For investment, it is a stable choice. For trading, it is just as potent with the right signals. Market movement has trends and gold has gone through many trends over the years. Being able to read the room and call the shots correctly is difficult. That’s where gold signal providers come into action.

Education and participation go hand in hand

When entering a contract with a gold signal provider, every trader should become familiar with the market. Knowing how indicators work is one step closer to being able not only to follow signals but also to learn how to read and utilize signals oneself. 

A common entry is the momentum indicator Relative Strength Index (RSI), used in technical analysis. It measures recent price changes’ magnitude for the purpose of identifying conditions of overselling or overbuying. Displayed as an oscillator, the RSI has a value from 0 to 100. Going above 70% means the market is quite bullish while falling below 30% indicates a bearish position that should come to a halt soon. The tricky part about RSI is being able to enter or exit trades too early, but if this challenge is overcome, it can be used to determine if a cycle is over or not, maximizing profits and minimizing losses.

Other indicators are the Moving Averages and the Moving Average Convergence Divergence (MACD). The classic MA is useful for trends and due to its simplicity as a technical indicator, it does not need that long to get used to. Should the gold fall below the moving average, then that would generally be deemed as a sale signal. Rising above the moving average, on the other hand, is considered a buy signal. Similarly, MACD helps determine two trends by relying on a 2-line system. When those lines cross, buy and sell signals emerge.

Choosing a gold signal provider

As with all things human, everyone has their preferences when it comes to gold signal providers as well. Some have developed their own method of analysis; others use what already exists and flesh it out to perfection. A renowned name in the gold trading signals is GoldSignals.io, with an average TrustPilot rating of 4.6 stars.

Providers that have an outstanding rating tend to be accurate with their predictions, but it is important that every trader does their own research beforehand in order to be certain of their decision. A low monthly subscription fee may be the way to test out the waters.

Communicating with the support team and clarifying for oneself how satisfactory the experience is also helps shine a light on what to look out for.

All in all, choosing the best gold signal provider for you is quite similar to choosing the best brokerage – trust what others are saying to a point and try it out yourself so that you can decide whether their approach to the problem-solution formula works for you. At the end of the day, what matters is that gold signals will continue to evolve over time, alongside the market itself. If traders are not able to grow so they can be on top of the market, then even with the best signal provider, it can be a challenge to feel informed and entirely in the loop.