How to Start Gold XAUUSD Trading in 2026. Beginners Guide
- VasilyTrader
- 17 hours ago
- 4 min read
In this video, I will share everything that you need to start trading Gold XAUUSD in 2026.
We will go through
essential topics to study,
trading strategy to choose,
charting software,
trading terminal to use and much more.
As a bonus, I will share with you free learning materials and articles.
Get your complete Gold trading start up beginners guide.
Learning Plan
Let's start with the topics that you need to study for successful Gold trading.
Start with This
I suggest starting with learning technical analysis.
The first thing that you will need to study will be support, resistance analysis and key levels.
Your ability to identify significant structures will be the key for effective analysis of Gold chart.
This knowledge will help you make accurate predictions and forecasts of Gold future price movements.
Every morning, I start my Gold trading with support and resistance analysis.
Every entry that I have is strictly based on one of these structures.
Learning Materials:
Price Action Analysis
The second topic that you should focus on will be price action analysis.
Start with basics of price action trading:
trend analysis and structure mapping.
A proper identification of a market trend and significant events like break of structure or change of character will help you to accurately predict a market trend continuation and reversals.
Learning Materials:
Structure Mapping and Trend Analysis in Gold Trading - Link
Price Action Patterns
After studying the essential basics of price action analysis in Gold trading,
start learning price action patterns.
Classic trend following, consolidation and reversal patterns will help you have a deeper understanding of a behavior of the market participants.
Learning Materials:
Best 7 Price Action Patterns for Gold Trading - Link
Candlestick Patterns
The next topic to study will be candlestick analysis.
There are several must know candlestick patterns that every gold trader should know.
These candlestick patterns will provide reliable signals way before a price action pattern forms.
Being able to spot these patterns will provide you a powerful edge in trading Gold.
Learning Materials:
Best Candlestick Patterns for Gold Trading - Link
Fundamental Analysis
Though, I am not a fundamental trader, I admit the significance of fundamental news in Gold trading.
You need to understand what fundamental factors influence Gold prices and how to act during their occurrence.
You should know what fundamental news releases in the economic calendar impact Gold price behavior and what news you can neglect.
Learning Materials:
Risk Management
The last but not the least topic that many newbie traders often neglect is risk management.
You will need to learn how to measure lot size and use position size calculator for your Gold trades to control your risks and avoid margin call.
Learning Materials:
How to Measure Lot Size for Gold Trades - Link
Charting Software
To learn all these topics and to practice Gold analysis, you will need a charting software.
I use TradingView for more than 10 years already. It is completely free, convenient and user-friendly. So definitely try it.
Trading Style
After you studied all the topics that I recommended, you will need to choose your trading style:
day trading,
scalping,
swing trading.
Choosing a trading style depends mostly on how much free time you have.
Scalping requires maximum focus and will make you staying in front of the screen for hours without breaks.
While, swing trading is very slow and is appropriate for traders who have just 1-2 hours a day for trading.
Day trading is somewhere in the middle, requiring checking the charts at least once in an hour during a trading session.
If you have a busy work, start with swing trading.
If you are a housewife with much free time, day trading or scalping will be the best choice.
Your trading style will define time frames that you will trade.
Learning Materials:
How to Choose a Time Frame for Trading Gold - Link
Trading Strategy
Based on a trading style that you choose, you should select a trading strategy.
A trading strategy is a strict set of rules and conditions that you will use for entries.
In Gold trading, I use multiple time frame analysis strategy.
Learning Materials:
Trusted Broker
Once your trading strategy is ready, you can start trading.
To trade Gold, you will need a trusted broker.
I recommend using TradeNation.
FCA regulated,
Offers fixed spreads,
Let's you trade straight on TradingView.
Spend at least a month on a demo account and make sure that you are profitable.
Only then switch to a real account.
Good Luck
Using this plan, you will learn everything that you need for profitable Gold XAUUSD trading in 2026.
Good luck to you in your endeavors.
