---
title: 'My Gold Trading Strategy'
source: 'https://youtube.com/watch?v=mIx_bRCZ0jE'
video_id: 'mIx_bRCZ0jE'
date: 2026-08-19
duration_sec: 68
channel: 'TradingLab'
---

# My Gold Trading Strategy

> Source: [My Gold Trading Strategy](https://youtube.com/watch?v=mIx_bRCZ0jE)

## Summary

This video presents a gold trading strategy based on the inverse correlation between gold (XAU) and the US Dollar Index (DXY). The creator outlines a step-by-step approach using TradingView's correlation coefficient indicator and supply zone analysis to time long entries on gold.

### Key Points

- **Setup on TradingView** [00:02] — Open TradingView and search for XAU (gold) on one chart and DXY (dollar index) on a second chart.
- **Understanding the Correlation** [00:16] — Gold and the dollar typically move in opposite directions: when gold performs well, the dollar tends to weaken, and vice versa.
- **Using the Correlation Coefficient** [00:30] — Add the 'correlation coefficient' indicator from the indicators tab. A reading below the dotted line confirms a negative correlation between gold and the dollar.
- **Entry Conditions** [00:43] — Wait for gold to hit a strong level while the correlation coefficient is negative. Then, check that DXY is in a strong supply zone; if not, skip the trade.
- **Executing the Trade** [00:57] — When both conditions are met (negative correlation and DXY in a supply zone), enter a long position on gold. This signals a high-probability winning trade.

### Conclusion

The strategy leverages the inverse relationship between gold and the dollar, using technical indicators to confirm correlation and supply zones to time entries. It emphasizes patience and waiting for optimal conditions before entering a trade.

## Transcript

recently. Here's my exact trading strategy I use in order to take First, go to TradingView. If you don't yet have it, I'll leave a link in my bio. Search XAU, which is gold. Next, open a second chart, DXY, which is the
dollar index. Now, this is where things start to get interesting. Gold and the directions, meaning when gold does good, the dollar does bad. When the dollar you're thinking like I'm thinking, we can use this to our advantage. First, go
to the indicators tab, search correlation coefficient, click this one. If the indicator is below this dotted line, that confirms they are currently negatively correlated. So, what you want to do, wait for gold to hit a strong
correlation coefficient indicator is negative, which confirms there's negative correlation. If both of those are true, go to the DXY, make sure it's in a strong supply zone. If it's not, wait and don't take a trade. But, once
supply zone, and the coefficient indicator is negative, that is your sign to enter long on gold. And just like to enter long on gold. And just like that, you got a winning trade.