I gave gold XAU a try. I've traded it before, but wasn't very professional. In precious metals, gold is like BTC in crypto, and silver is like ETH. I don't touch ETH, so I won't touch silver either.



Overall, gold has a major support zone around 3900-4000. The overall structure and technicals are in place too. Plus, with oil prices falling again and countries selling gold to buy oil in USD, the volume is shrinking. Oil has basically returned to its pre-US-Iraq war level, I think around 63 or 65, roughly. So I think gold is due for a rebound: 4072, 4145, 4221 – I'm bullish on these three levels.

I'm also testing my own skills here to see how well I transition from crypto to precious metals. The technical side is pretty much the same. Fundamentals wise, gold goes without saying—it's a global consensus. Gold's volatility is even lower than BTC's overall, so I didn't dare use too high leverage. I only went with 10x. Once I get a clear picture, I'll bump it up to 50x or even 100x. Time will tell whether my levels are accurate or not. ‍$XAU
XAU0.43%
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