In this lecture
- Scalping Gold (XAUUSD)
- The 5-minute timeframe
- The Stochastic RSI indicator
- A method suitable for beginners
Lesson notes
Stochastic RSI in brief
Stochastic RSI applies the stochastic formula to the RSI instead of to price, so it moves faster. Common settings are 14, 14, 3, 3, with 80 and 20 as overbought and oversold. Its two lines (%K and %D) crossing in those zones are the usual signals.
The video shows the complete rules with chart examples. The notes below cover the principles the method is built on; test any strategy in a simulator or on demo before using real money.
Gold-specific risk
- Gold moves fast; on most brokers a $1 move is $1 per 0.01 lot (100-ounce contract), so check your broker's contract size.
- Spreads widen around news and at the daily rollover.
- Use the trend from H1 and trade signals only in that direction.
Rules that keep scalping safe
Fixed risk, a daily loss limit and no trading in the minutes around US news such as NFP and CPI.
Khulasa (Roman Urdu / Hindi)
- Stochastic RSI: RSI par stochastic, settings 14,14,3,3.
- 80 overbought, 20 oversold.
- Gold par 0.01 lot = $1 move par $1 (zyada tar brokers).
- H1 trend ki taraf, US news ke waqt trade nahi.
Questions
What is the best indicator for Gold scalping?
There is no single best one. Stochastic RSI is popular for timing, combined with the H1 trend and support and resistance.
What are the best Stochastic RSI settings for M5?
The default 14, 14, 3, 3 is the most common starting point.
How much does Gold move per 0.01 lot?
On most brokers (100-ounce contract), a $1 move in Gold is about $1 per 0.01 lot. Check your broker's contract size.
When is the best time to scalp Gold in Pakistan?
During the London session and the London–New York overlap, roughly 12:00 to 22:00 Pakistan time depending on the season.
Is the 5-minute chart good for Gold?
Yes for scalping, with the higher timeframe for direction. It is fast, so risk control matters even more.
Is Stochastic RSI better than RSI?
It is faster and more sensitive, which suits scalping but gives more false signals.
Related lessons
Gold Scalping Strategy GSS-2 on the 5-minute chartMarket Analysis
Best time to scalp forex and Gold in Pakistan and IndiaRisk & Money Management
Lot size in forex: how to choose the right lot size on every tradeEducation only, not financial advice. Trading forex, Gold and CFDs carries a high risk of loss. Examples are for learning; test any method on a demo or in a simulator before using real money.
Qazi Forex Tips