XAUUSD - Trading Gold, Our Way

Trading the XAUUSD is great, there are a lot of aspects to trading gold on the spot market which are advantageous to spot Forex trading. But you have to know what those things are first.
This is made for the No Nonsense Forex trading system.
Recommended Crypto Trading Platform (Bonus and Contest Eligibility) -
nononsensefore...
Blueberry Markets Blog (Top FX Broker) -
nononsensefore...
Markets.com Blog (Other top FX Broker)-
nononsensefore...
US Residents Go Here (Top US FX Broker)-
nononsensefore...

[@NoNonsenseForex]

You guys have no idea how bad I wanted to say the word p*rn, but you get flagged for stuff like that.

[@tjunior6128]

No Nonsense Forex hahaaaaa. We know, we know

[@1CarlAnthony]

No Nonsense Forex lol

[@ronimatos90]

Couldn't you restrict this video to be 18+ ? Everybody says they're 18+, so we would all watch anyway and you could say bad words 😏

[@kuldeepkale7416]

hey this gold man is in our city his name is fuge lol i dont expect this that our indian man is showing on video great

[@michaels4255]

Gee, when I get bored I look at entertaining but financially useless videos about fundamentals and macroeconomic trends. Am I abnormal?

[@joshasante9076]

Watching this 9 months later, and coronavirus hit. At the time this video was released, gold was under 1500, now its sitting at 1800. If y'all had followed this guy's advise, you'd see huge returns right now

[@kitchenspiral]

Hi VP my online trading guru, one thing I realized in last few weeks, your narration is crisp clear and easier than many others to listen to. That is why text appear as subtitles in English is quite accurate so that I as non native English language speaker can capture what you said in case I had difficulties listening such as new words or new idioms. Since you mentioned about Metals and other asset class, I started to search how others are saying about trading them, then I realized that I often do not understand what they say, and subtitles are not accurate either. So, IN CONCLUSION! I appreciate your consideration for the rest of us who are outside of native English speakers. Thank you and cheers.

[@jackyzeng2171]

Indeed! That is great if VP can do this. Cheers!

[@alyaasyifa8922]

Xx+18

[@factsandmyths3301]

Are you really a non-native english speaker? Cuz your english is pretty good:)

[@nexus9529]

the smootheness of the metal pairs is the first thing I noticed by opening the charts. Its insanely different from any Forex pair. Thanks for the knowledge as always VP.

[@tripslft]

I just started trading X/U this week and I noticed after the first few trades that it moves a lot smoother than forex. After listening to your Supply and Demand vid I only intraday trade oil, stock and commodities. It’s really my accuracy and I rarely get stopped out. I only trade forex from the daily chart now. Keep providing the great content!

[@incognitoguy5599]

Been backtesting indicators for just over 12 hours today. I'm in deep.

[@Activetrade2020]

VIBESSSSSSSSSSSASS

[@mikemonard5418]

now ur poor

[@yojimmybob]

Even though the intro now sounds like it was recorded on a nokia, I have to say that I appreciate that it doesn't blow out my ear drums any more.

[@couwman]

Watched a lot of forex videos but this is my favorite channel. Thanks a lot!

[@nerimaebunda1884]

Every video you share here is REAL GOLD. Thanks!!

[@thedougclose]

anyone remember Natalie and Tootie from The Facts of Life trying to remember the element symbol of Gold and saying "if someone steals your gold necklace, you yell 'A, U!'"

[@tripslft]

Doug it’s good to know I’m not the only one lol

[@tusharjitu1]

very good spot. Hardly anyone talk about it. I trade only gold since last 5 years. The ud and down side wipsaw is very smooth in Gold and it respects the H4 level Support and Resistances very well.

[@justicianaaadoleybaddoo3419]

Hello tusha can i get your email

[@alexyoung7371]

@Tushar SB What Broker do you use?

[@mxmx58]

AU is derived from the Latin word " Aurum" which means Gold.

[@justgjt]

Riches man in babylon 101 . . . Luv the dude rocking the Mr T starter kit !

[@Alkosa]

I wished I had seen this video the day after VP had published it - now just a bit more than a year later, the price for gold is just about to break the 2000 mark. VP, you often mention that you're not qualified to talk about this or the other, well it's good to stay humble even or especially in greatness I guess, but everything you predicted in this video has now become naked reality, cause numbers don't lie. Thank you for ALL that you do for us

[@shashikanaidoo5553]

11 months later it's still ranging 1800 -1700

[@poloparachutes9983]

73% win rate over 4 years with the algorithm adjustment (no baseline) that’s straight transfer from my Forex algo no tweaks. Going to test other indicators and see if I can do better than that. Thanks VP

[@findinglela]

Your narration ability is very compelling. It makes your playlists such a stuck on. The humour mellowing the core knowledge you're putting across. Such a soother when someone with a unique approach is making you rethink what has been bleeding your account. Another one!

[@janiesj9003]

Cutting & pasting my forex algo which averaged 35% per year over 3 years' backtest (34 pairs including SGD) only made me 1.06% per year for Gold over the same period! Haha.. No wonder you changed so many parts of your algo. Back to square two or maybe three! ps/ I just realised that removing the baseline makes me feel soo insecure LOL

[@williamknutson6163]

Ok. Met a trader online investing in this xausd on Meta Trader 5. Now, 7 trades later, each one successful at a 7% profit. I'm hooked..

[@bryonseilerXauBry0716]

Pure.... Well you know VP.❤❤❤❤

[@u991706]

Thank you very much for loading up a metal video series. I have a little interreisting to trade metal, but also oil in this crazy Arab and Trump times. I live in Norway. Who are big on sale in oil. But not that familier. But back to metal. This is great 👍

[@slnhn]

JPY is also a safe haven for places where people put their money

[@Edmund-King]

Very insightful and useful comment on XAU. Its good you are educating so many, on what so few get excited about.

[@2furious2fast]

Thanks once again VP for donating your time for us and making this video looking forward to the other metals videos!... PS: I think POTUS’s tweets been a pain in the “B” hole for so many people!.. including us in Australia! :-)

[@wetradewaves725]

Great video thank you i can see gold will go down after touching 1600 - 1630 a big down is coming

[@alexkinyua8737]

Trader Man you were correct

[@prashantpatel4797]

Hello. VP. You have suggested ATR value 1.25 which we have to count as stop loss value and also consider as profit limit value? Please clear my doubts. Looking Forward. Thanks.

[@wilmontclementson9351]

Been on edge all day waiting for this vid. Thanks VP.

[@makotoalm836]

Hi VP, Thank you for sharing with us your experience and knowledge. Can’t wait for the next metal video. Regards, Almheiri

[@JayBigDadyCy]

A couple things VP didn't mention- the US holds BY FAR the most gold reserves. It's not even close. No one has half as much as the US does. Also there's a lot more gold on Earth. The problem is we can't get to it without the mining costs far outweighing the value. It's also probable that we can't get to it at all yet. But at some point someone will figure this out in a profitable fashion. The other thing to note is that newer generations care far less about gold than their forefathers. This is due to the drastic shift in technology. Millenials, Gen Z etc... seem much more interested in tech holdings and Crypto than gold which makes an interesting argument for the future on BTC. To me this makes a lot of sense. As we get further into advancing our tech... those things become way more important than a metal.There's some very smart investors out there who see this and it's why, like VP, they hold Gold AND BTC. We don't know who will win or maybe both do. Maybe something else does. But it's important to not disregard either imo.

[@NoNonsenseForex]

I hope you're right about the gold reserves. Every time somebody (usually one of the Pauls) offers to audit Fort Knox, Fort Knox says no. The only place I'll disagree is on mining costs. $1200 was the benchmark line in the sand for miners, and this was back when oil was much more expensive. It's green lights all around now, once people go back to work. Looking forward, the one thing which concerns me is NEW gold deposits are way way down. With all the new tech out there, we still can't find anymore.

[@alishamshiri6536]

Finally here ! thanks VP! Gold always trend better than pairs and i'll just focus on gold trading.

[@t.g.8199]

Appreciate this a lot. Thanks man. Liked and subscribed 👍🏽

[@stark_energy]

This is the video that I've waited for so long. Want more video about XAU or XAG!

[@maureenbennett809]

Great content!😁

[@rockfortmarkets4811]

Thanks mate for an excellent video.

[@tadghsmith1457]

The Indian dude with the BA Barracas necklace at 4:18 was found beaten to death and robbed a few years ago. He went for a drive one day without his security detail and never came back...

[@NoNonsenseForex]

Ha, figures. Not sure why people want to make themselves targets like that.

[@omarpiane2379]

Hi. Love your podcasts.. but in my analysis gold might go up to 1600 ish max, then down to 850. I might be wrong of course, but if this happen, in a year or two, I hope you remember this post :)

[@rustycowell7264]

Omar Plane Speculation is a sin on this channel.Follow the indicators and ride the coat tail to pick up the scraps of corruption. Sound advice from an American

[@carlnoahacademy4198]

Congrats Omar Paine. Ur analyst so amazing!

[@oceanwealthmoney]

what's a good broker to use to trade gold

[@naturaltrader3832]

Excellent video and lesson VP! Always looking forward to your material and talks. Keep up the stellar work my friend. And, as always,... my upmost gratitude to you.

[@kiihdrihz1]

Hey VP, have you ever thought about adding a chat group or some kind of way all your “students” can come together and chat about the videos, blog, or any VP related topics other than us surfing the comments to make contacts.? I think that would be a really good way for us all to stay motivated & feeling like a team all trying to accomplish common goals. Or Maybe not haha Just an idea, giving I’ve been watching every single video, blog, podcast for the last year or so. I really love the way you teach & sometimes I like to clarify on things just for my own understanding without bothering you haha but the comments are just to hard to keep up with when wanting to engage with others and “homework” Thanks.

[@NoNonsenseForex]

You just described the No Nonsense Forex Discord forum. I have links to it at the bottom of every podcast. There's a FB page too, I just don't know how to get there.

[@kiihdrihz1]

@@NoNonsenseForex oh wow, I've never looked at that. I'm always too busy applying & taking notes. than you. I'll look for the fb now.

[@saleemmd3597]

@@NoNonsenseForex hello VP. I'm not getting permission to view or send text in nnfx discord forum kindly help

[@Boelaap]

For great leverage on trading gold (or anything in the markets) you can use options (not binary...) and their unique strategies. You can trade FX to this way. A great tool to use and master in all markets. FU candles don't matter much because of time contracts. Thanks for your video's !

[@debarsta]

I have learned so much in the last two weeks. Don´t stop tweeking, does indicators.

[@magnusjansenvanvuuren]

I missed your voice so much UwU finally getting to the metal playlist after trading FX but its after you stopped making videos T.T I still owe you a beer

[@jeroendrost4903]

Never clicked a notification so fast in my life!

[@jilllster4054]

Wooohooo! VP this is Gold!

[@richardevans8908]

The fact that they’re forecasting gold production to go down is worrying. Makes me think they’re going to artificially reduce supply to increase demand and price.

[@NoNonsenseForex]

I don't think the miners will allow that. Plenty of other ways to manipulate the price.

[@LaRasCraft]

VP, what is your view about the new China/Russia Currency???

[@NoNonsenseForex]

Not a threat. Priced in already.

[@karips49]

3:00 "X" before any precious metal quote originates from ISO 4217 which standardized the naming convention (if the sources are credible of course): en.wikipedia.org/wiki/ISO_4217 Paragraph: "X currencies"

[@mashroorsiddique724]

2 AM here, but hey its VP time !

[@ayamusic21]

Thanks for the video! This is long-awaited. 👍 You say you use a different confirmation indicator: which type do you think is more effective? Overlay, zero cross, two lines cross? Where should I start my back testing?

[@TheSpeed777777]

Hey VP. Been studying charts of XAU and XAG for a while. I get them to around $ 1750 and $ 22 respectively in the next 3 months. I would like to hear your thoughts if I may ask you. Shaun

[@NoNonsenseForex]

I would say not to forecast future price Never a good idea.

[@sheilamaina8641]

After reading the comments about the intro, I just had to go back and listen to it once more... : VP u should try a career in the big screen..U r hilarious. Tones of knowledge too. Much respect.

[@Da-mx8tw]

Exactly how VP is breaking down gold is there any books that breaks down stocks/ bonds/ investments ETC??

[@NoNonsenseForex]

Nope. I'm one of a kind.

[@christiantrader9628]

You previously said that we should have a cap on how much risk we have open on any given currency. Would XAU/USD be lumped in with USD Forex? In other words, if I'm maxed out at 2% on USD Forex pairs open, would opening a trade on XAU/USD be adding to that 2%, or do you consider that "pair" outside of the equation? You said that Gold "drives the bus" so I'm wondering if it's separate.

[@NoNonsenseForex]

It is, but just treat it like another currency pair when it comes to money management, unless you have a separate account for it.

[@DrivenA111]

@@NoNonsenseForexDo you trust the Pax Gold token?

[@farhad3a]

Its Kinda addiction to this guy once you listened to him

[@johnherbert7912]

Some good advice , don't know what your trading but the ongoing manipulation in XAU, 110% retraces, total fakeout etc are the most extreme in any market ive traded, also the flight to safety sure didn't work out when the COVID panic hit

[@touchtosti]

Thank you for uploading video's. Love your content & i'm learning alot. appreciate it!

[@jeffersonglovin6261]

this guy predicted the future.💀

[@enriquec.6255]

Great shoot, certainly in the dates that was released this video (OCT.2019) The XAU USD started a sustained trend up. Congratulations and nowadays which are the expectations?

[@NoNonsenseForex]

Higher

[@dmoney5340]

Hey what do you think about trading XAU/GBP and XAU/EUR and the XAU/JPY because you say the USD is heavily manipulated by the central banks

[@NoNonsenseForex]

I answered this either here, or in the metals video.

[@Solomon-Stone]

Is there any benefit to trading XAU EUR instead of XAU USD .... since you mention to stay away from USD

[@NoNonsenseForex]

In this case it wouldn't matter too much because gold controls the pair. You could do either.

[@gabonancy]

Hi VP. The letter X mean that XAU is an international asset... like X is the first letter on XBT (Bitcoin is an international asset too).

[@samuelvirgo]

Patrick your the man

[@sergimrov9923]

Golden nuggets! Thanks, sure I won't trade metals until they're all been explained by you in this channel, and needless to say, well backtested. TX again!

[@KingPeanutAndTaz]

Coming from another American.. Would you ever consider moving to a different country to gain access to better leverage for trading Gold?

[@NoNonsenseForex]

Definitely. It's my medium term goal.

[@abradolflinncler1627]

But don t you think the upcoming lack of supply(of which everyone knows about) is already priced in? although it has risen 40% since this vid ;))

[@ArunHDGaming]

What is the yearly ROI which is reasonable for gold on its own? Backtesting my system I got 13% in 2019. Is this too much, too little or just right?

[@johnbautista9209]

Thanks VP you're the best

[@uncultednikk5544]

Intro on this vid it'ss just Gold itself"

[@ghitaciprian]

when I trade it doesn-t matter which way it goes, I place multplie sells / buys from 3to4to5$ up/down and eventually will go back

[@jasonc6672]

still watching the ads, just needed to comment first before watching ur vid 😆 nnfx all the wayyyyyyyyyyyyyyyyyyyyyyyyy

[@alexyoung7371]

What Forex Broker can you use to trade Gold/mental/oil if you’re a U.S Citizen?

[@sellingcommunity_]

Hey VP! You didnt really talk about news on the video do you take xau usd trades when Usd high impact news are taking place the next day?

[@NoNonsenseForex]

I talked about news in the Metals video before this.

[@sellingcommunity_]

my bad!

[@sellingcommunity_]

I overheard it probably

[@khengy1987]

I learned a lot!!!! Thanks VP

[@rwmorris35]

Any way to actually trade this in the US, or are we stuck using futures?

[@selasesabah7186]

Waking up this morning in Ghana and not seeing my alert for NNFX made the day unfulfilled until I get it in the evening. Thanks for another nugget VP. Metals trade ceased until all metal the episodes are over. Cheers

[@mohamedelnemr540]

Hi VP , you have any recommendation for Gold Volatility Index ($GVZ) ? Or Ignore it ?

[@NoNonsenseForex]

I haven't had much success with it myself.

[@mohamedelnemr540]

Thanks so much

[@georgeadam536]

A couple of aquantancies have asked me about the Iraqi Dinar, one of them bought them while in service in Mdle East, the other because he thought the 1000:1 price he paid was cheap enough to speculate. The 1000:1 guy called me the other day asking me to confirm his info that Dinar had started trading. I remember in one of your podcasts you mentioning they are only good to wallpaper your living room with or something of that sort. Any thoughts-updates?? Do I dissapoint my friends reconfirming what I told them that they are pretty much wallpaper material??

[@petuniamaswanganye8490]

Thank you VP

[@factsandmyths3301]

I have applied my algorithm to this gold and silver and most of the signals are false(like missing some trades). However when do apply my algorithm to normal currency pairs I do have more Probability of profitability. Is there something wrong with treating the gold as treating forex?

[@NoNonsenseForex]

Yes, and I mentioned it in the Metals video.

[@johngenrichpilarta4089]

I still dont understand how to compute the lot size for metals because its not same in forex :(

[@sarahakr8684]

Hello all. The X in XAU is a letter that is used for "supranational currencies that do not belong to a specific country". The X is used because there is no other national money code starting with an X. More here : en.m.wikipedia.org/wiki/ISO_4217

[@sarahakr8684]

Another problem with the actual output of gold reaching a peak in 2019 is that gold exploration went through a major crisis from 2013 until now. Many junior exploration companies went down (including mine :-)) and therefore Exploration has been on a stand-by. In other words : mining companies have been exploiting reserves without renewing them.

[@sarahakr8684]

Also it takes a minimum of five years for exploration to produce new orebodies. This is why Junior Exploration Companies are slowly receiving more attention nowadays after 5-6 years of despair. See for examples : kzbin.info/door/9ijza42jVR3T6b8bColgvg

[@NoNonsenseForex]

More attention as in getting bought up. When price was as low as it was, many of them weren't even able to operate. Hoping that whole sector can get back to it, it's fun to track.

[@gianniy]

Any specific news events we have to be aware with gold or metals in general?

[@NoNonsenseForex]

Yes, was covered in the previous video.

[@dorothytrapila7752]

Been watching your videos for quite sometime now...I am your avid fan from the Philippines..You helped me a lot on my trades :) THANK YOU VP :)

[@scottbeck7227]

Where can U.S. traders go to trade medals? I've been trading Forex and would love to expand. Any help would be appreciated.

[@NoNonsenseForex]

Either find a way to get clever and trade CFDs anyway, or use leveraged ETFs like I showed in the ETFs video. It's definitely doable.

[@scottbeck7227]

Thank you so much for responding. I've been wanting to expand from Forex and you have given me the tools to get it done. All the best!!

[@tedk572]

I love Gaaaauuuuuld! - Goldmember

[@tobyanand7530]

When you say why you love holding gold - does this refer to holding actual physical gold in a vault somewhere or as an EFT gold fund? Do you have a preference? Thanks so much for all your great content as ever, all the way from Oxford, UK!!

[@rustycowell7264]

Toby Anand Anything in paper is worthless as an investment.Always hold a physical metal in person as a hedge and trade paper

[@sheilamaina8641]

Wow... thanks VP...

[@emmanuelmaphosa1070]

hi VP where could I find the information on the output of gold in the next couple of years, that you've shown here?

[@joeychavez6693]

Lmfao!!! Best intro ever

[@thumbtummy]

Can you tell me what floating return of gold mean to you? Thank you!

[@abdulrehman-lk1xz]

it means that the trade hasnt been closed yet.

[@imendebouz5877]

please is it correct that an usa resident can not trade gold?

[@isaiahcampbell1647]

So for the atr stop loss is it $1.25 or the atr times 1.25 instead of 2?

[@SoorajO]

I'm betting on the XAUUSD downtrend from today. 🙂

[@kewtheii6764]

How much have you lost?

[@xolanijubase115]

Hey VP, uhm! weren't you going to show us how to trade the Gold? or you still going to that part?

[@NoNonsenseForex]

You must have skipped the metals video.

[@xolanijubase115]

@@NoNonsenseForex nope i watched it. Let me re-Watch it again.

[@melle1132]

you had a 300pip stop loss on one of your signals ???

[@diamondken5602]

Yet another hour of knowledge upgrade. I can't thank you less VP. Hence Trump's tweet won't screw up your trade anymore.

[@freelancer3965]

also gold is a good technological material.. beside jewely.. gold is gold... simple is that

[@samuelvirgo]

Thank you vp

[@PuttyTatProductions]

2-2-2021 Going back to 1.25 yet VP?

[@NoNonsenseForex]

Still haven't.

[@giorgiofrattolillo5087]

Hey everyone, Does anyone have any tips on calculating lot sizes when trading metals, i'm finding it hard to work out! Any help appreciated! VP, Thankyou as always for this 'golden' content!

[@dntwatchdatt]

What date did you make this video as a gold reversal took place lately

[@NoNonsenseForex]

10/2