Where Can I Get Live Gold Charts?
When using a FinancialSpreads account clients can access real-time candlestick charts for gold and more than 1,000 other spread trading and CFD markets.
Along with several chart types, the package also has a wide array of options:
- Drawing options - trendlines, Fibonacci fans, arcs and time zones
- Technical indicators - Exponential Moving Average, RSI, % Price Oscillator etc
- A number of different time intervals - 15 minutes, 1 hour, 1 month etc
Example Financial Spreads commodity chart:
How to Spread Bet on Gold
Let's say that you look at FinancialSpreads and the quote is:
| Gold Rolling Spot |
Sell
1229.4 |
|
Buy
1229.8 |
|
This is a brief example of how the market works...
| Spread Betting Market | Gold Rolling Spot |
| The Spread | $1,229.4 - $1,229.8 |
| How This Works | You can spread bet on the Gold Rolling Spot market to push:
 Above $1,229.8, or
 Below $1,229.4
This spread betting market is a Rolling market which means that there is no final closing date for this trade. If you don't close your trade and the session ends then your position will roll over to the next session.
If a trade does roll over then you will either receive or be charged a small fee for overnight financing depending upon whether you are betting on the market to go down or up. For further details see Rolling Spread Bets. |
| Points (Units) Traded | Financial spread bets on the Gold market are made in £x per $0.1.
Where $0.1 is 10¢ of the metal's price movement.
E.g. if Gold changes by $4.00 then you would lose or gain 40 times your stake. |
| Stake Size per Unit | You work out how much you are going to stake per $0.1, e.g. £2 per $0.1, £8 per $0.1, £20 per $0.1 etc. |
| Short Staking Example | If, for example, you chose a stake of £4 per $0.1 and Gold moves $2.70, you would lose / win £4 per $0.1 x $2.70 = £108. |
Spread Betting Example - Going Long of Gold
Spread betting on the price of precious metal to rise
| You Decide to Buy or Sell |
Gold going:
Above $1,229.8? or
Below $1,229.4?
|
| You Might Choose to Go Long |
Above $1,229.8
|
| You Choose How Much to Risk, Let's Assume You Opt For | £2 per $0.1 |
| So What Next? |
- You will make £2 for every $0.1 Gold moves higher than $1,229.8
- You will lose £2 for each $0.1 Gold goes lower than $1,229.8
|
| If You Are Spread Betting on a Market to Increase Your P/L = | (Settlement Price - Opening Price) x stake |
| | |
| Scenario 1 |
| Gold increases and the spread trading market is moved to $1,237.2 - $1,237.6. So you would see this on Financial Spreads: |
|
1237.2 |
|
1237.6 |
|
| Time to Lock in Your Profit? | You could opt to keep your trade open or close it, i.e. close your trade for a profit. In this case you choose to settle your trade and sell the market at $1,237.2. |
| Your P/L = | (Settlement Price - Opening Price) x stake |
| ($1,237.2 - $1,229.8) x £2 per $0.1 |
| $7.4 x £2 per $0.1 |
| Your P/L = | £148 profit |
| | |
| Scenario 2 |
| Gold decreases and the spread betting market is revised and moved to $1,223.3 - $1,223.7. Therefore you would see this on Financial Spreads: |
|
1223.3 |
|
1223.7 |
|
| Close and Restrict Your Loss? | You may decide to leave your spread bet open or close it, i.e. close your trade to limit your losses. For this example, you decide to close your trade by selling at $1,223.3. |
| Your P/L = | (Settlement Price - Opening Price) x stake |
| ($1,223.3 - $1,229.8) x £2 per $0.1 |
| -$6.5 x £2 per $0.1 |
| Your P/L = | -£130 loss |
Worked Spread Betting Example - Shorting Gold
Spread betting on the price of precious metal to fall
| You Decide Whether to Go Long or Short |
Gold moving:
Above $1,229.8? or
Below $1,229.4?
|
| You Might Choose to Sell |
Below $1,229.4 |
| You Select Your Stake Size, Let's Say You Select | £3 per $0.1 |
| Now What? |
- You will lose £3 for each $0.1 Gold rises higher than $1,229.4
- You will make £3 for each $0.1 Gold moves lower than $1,229.4
|
| If You Go Short With a Spread Bet Your P/L = | (Opening Price - Settlement Price) x stake |
| | |
| Scenario 3 |
| Gold slips and the financial spread betting market becomes $1,224.5 - $1,224.9, i.e. on Financial Spreads you'd see: |
|
1224.5 |
|
1224.9 |
|
| Lock in a Profit? | You may choose to let your bet run or close it and lock in a profit. In this case you opt to settle your position by buying the market at $1,224.9. |
| Your P/L = | (Opening Price - Settlement Price) x stake |
| ($1,229.4 - $1,224.9) x £3 per $0.1 |
| $4.5 x £3 per $0.1 |
| Your P/L = | £135 profit |
| | |
| Scenario 4 |
| The metal climbs and the market is revised and is set at $1,232.9 - $1,233.3: |
|
1232.9 |
|
1233.3 |
|
| Time to Restrict Your Loss? | You may decide to leave your position open or close it and restrict your loss. In this example you decide to settle your bet by buying at $1,233.3. |
| Your P/L = | (Opening Price - Settlement Price) x stake |
| ($1,229.4 - $1,233.3) x £3 per $0.1 |
| -$3.9 x £3 per $0.1 |
| Your P/L = | -£117 loss |
- Gold notes: prices as of 13 February 2015
- Investors can also spread bet on gold in euros per $0.1 and US dollars per $0.1
Gold Trading Information and Data
Further news and information on the gold markets:
Financial Spreads is not responsible for the content of external / third party websites.
Where Can I Practice Financial Spread Betting on Gold?
FinancialSpreads offer a free Demo Account where you can practice your CFD trading and spread betting.
Using the Demo Account you can also try out new strategies and access the charts for markets like gold.
The Demo Account offers a large variety of markets including
exchange rates, stocks,
commodity markets and index markets.
Click Here to Open a Free Demo Account.
Gold Commitments of Traders Report - 15 Aug 2017
Futures Only Positions, CMX , Code 88691, (Contracts of 100 troy ounces)
|
Non-Reportable Positions |
Non-Commercial
|
Commercial |
Total Reportable |
| |
| Commitments |
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
Long |
Short |
| 277,730 |
89,996 |
37,693 |
122,138 |
318,769 |
437,561 |
446,458 |
477,921 |
40,360 |
31,463 |
| |
| Changes from |
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
Long |
Short |
| 31,353 |
-7,544 |
1,285 |
-3,030 |
34,090 |
29,608 |
27,831 |
29,194 |
-414 |
1,363 |
| |
|
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
|
Long |
Short |
| 58.1% |
18.8% |
7.9% |
25.6% |
66.7% |
91.6% |
93.4% |
|
8.4% |
6.6% |
| |
| |
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
|
|
| 160 |
109 |
68 |
53 |
56 |
242 |
209 |
348 |
|
|
| |
| |
Long/Short Ratio |
| Ratio |
|
Ratio |
Ratio |
|
Ratio |
| 3.1:1 |
|
1:2.6 |
1:1 |
|
1.3:1 |
| |
| Net Commitment Change |
|
| 38,897 |
|
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
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