For day trading

Screening Filters

1. Price: $5–$80

   • Purpose: Focus on tradable, mid-priced stocks rather than penny stocks or very high-priced names.
   • Rationale:
     • For day trading, you generally want stocks that move enough in percentage terms, but are still easy to size positions in.
     • Below ~$5 you often get illiquid, highly manipulative penny stocks; above ~$80, position sizing becomes harder for small accounts and spreads can widen.
     • This band is a practical “sweet spot” for active traders.

2. Beta: HighRisk (high beta)

   • Purpose: Target stocks that move more than the market, i.e., higher volatility.
   • Rationale:
     • Your question is whether XAUUSD is suitable for day trading. Day traders typically seek volatility, because small percentage moves intraday are what create trading opportunities.
     • A high beta screen filters for stocks that are more volatile than the overall market, better matching the behavior a day trader might want if they’re trying to capture intraday moves similar to or greater than those in gold.

3. Relative Volume ≥ 1.5

   • Purpose: Find stocks currently trading with unusually high activity versus their normal volume.
   • Rationale:
     • High relative volume often means more intraday movement, tighter spreads, and better fills — all critical for day trading.
     • By requiring relative_vol ≥ 1.5, the screener is looking for names that are “in play” today, in the same spirit as assessing whether XAUUSD is active enough to be worth day trading.

4. Monthly Average Dollar Volume ≥ $2,000,000

   • Purpose: Ensure sufficient liquidity in dollar terms.
   • Rationale:
     • For day trading, you need to get in and out without moving the market too much or suffering big slippage.
     • A dollar-volume floor filters out thinly traded names, mimicking the liquidity you’d expect in a major instrument like XAUUSD.
     • This helps ensure that the stocks you see can realistically be used for intraday strategies.

5. Sector: Basic Materials

   • Purpose: Narrow the universe to companies tied to commodities and raw materials.
   • Rationale:
     • Since your original focus is gold (XAUUSD), screening the Basic Materials sector is a way to find equity proxies related to commodity cycles, including metals.
     • These stocks tend to be influenced by moves in underlying commodities like gold, which makes them conceptually closer to XAUUSD than, say, tech or banks.

6. Theme: Gold Mining and Precious Metals

   • Purpose: Directly link the screen to gold-related stocks.
   • Rationale:
     • This theme targets gold miners and precious metals companies, whose business is heavily exposed to gold prices.
     • If you’re evaluating whether gold is suitable for day trading, an adjacent step is to look at gold-related equities that may move even more sharply than XAUUSD itself (equities often have leveraged sensitivity to the underlying commodity).
     • This gives you a list of candidate stocks whose intraday behavior is influenced by gold, but that trade in the stock market rather than the spot FX/CFD market.

Why These Results Match Your Query

• You’re asking if XAUUSD is suitable for day trading, which boils down to:
  • Is there enough volatility and movement?
  • Is there sufficient liquidity?
• The filters mirror these requirements in the stock universe:
  • High beta + high relative volume → target volatile, actively traded names appropriate for day trading.
  • Dollar volume and price band → ensure liquidity and tradability for intraday in/out.
  • Basic Materials + Gold & Precious Metals theme → keep the universe closely tied to gold, giving you equity instruments that reflect gold’s moves and may be more suitable for an equity day trader than the spot market itself.

So, while your question is about XAUUSD, these filters are designed to find gold-related stocks that exhibit the volatility, liquidity, and thematic exposure a day trader interested in gold would typically look for.