My view on gold's current trend is that it is hunting high-leverage longs and inexperienced retail traders. My plan is to buy at 4600, add an equal position at 3800, with a stop loss at 3600. The target is 5200. This is a medium-term position, expected to be held for 1-3 months. It is best not to trade XAU because the funding rate is a bit high; you can trade XAUT as the funding rate is reasonable. $XAUT

XAUT-0,38%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes