Learn about the two best indicators for trading gold: supply and demand Indicator and Order blocks indicator. Understand their advantages and benefits while trading.

The Two Best Indicators for Trading Gold: Supply and Demand and Order Blocks

Introduction:
In this video, we will go over the two best indicators that you can use in order to trade in gold, and we will discuss the exact strategies that we use for profitable trading in gold. We will also explain how the supply and demand indicator and order blocks indicator work, and what the advantages and benefits of using these indicators are.

The Supply and Demand Indicator:
If you are familiar with our content related to supply and demand, you must know that there are four types of supply and demand zones: rally base rally and drop, rally base drop, drop base rally and drop base drop supply zone. To illustrate this, we can look at the chart closely to see the formation of a rally base drop supply zone, as seen in the rally candle, two base candles, and a drop candle.

To save time and get real-time notifications for supply and demand zones, we can use the supply and demand indicator. It will detect any supply or demand zone as soon as it’s formed in the market. The strategy for trading a supply zone is to put our stop loss at the high of the supply zone and our entry at the low of this supply zone.

Determining the Take Profit Levels:
The next step is determining where to close the trade or exit the market. We use the psychological TP levels indicator for this. This indicator is used to determine the take profit levels for supply and demand zones. The psychological TP levels indicator is used to overcome psychological fears in the market, as these levels are only drawn when the market is in a certain area of the trend.

Trading with Supply and Demand Indicator:
While trading with the supply and demand indicator, we should break even our trade as soon as the reward-to-risk ratio of 1:1 is complete. We can wait for the market to move in the bullish direction after this.

The Auto Blocks Indicator:
The order blocks indicator is another useful tool for trading gold. Whenever there is an order block formation, there will be a ranging market, followed by a very impulsive move in either bearish or bullish direction. The order block Zone will be drawn at the highs and lows of that range market structure.

Trading with the Order Blocks Indicator:
To use the order blocks indicator, we can either detect the order block manually, or we can use the auto blocks indicator. This indicator will send us real-time notifications through email and desktop as soon as the order block is formed.

To begin trading with the order blocks indicator, we must wait for the market to return to the R block Zone. From there, we will target our take profit level. For a bearish order block, we can target the swing low as our take profit level.
Conclusion:
In summary, the supply and demand indicator and the order blocks indicator are two of the best indicators for trading in gold. Both indicators provide valuable insights and can be useful for profitable trading in gold. Understanding how these indicators work, and using them in combination with the correct trading strategies, can help you trade gold effectively and efficiently.

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