how to accurately trade gold?

[feixiangji]

how to trade gold? what is the main trading strategy for 2024?

 

[SlowGains]

I noticed that gold has 2-3 month cycles, try looking at it from 30,000 before hitting the young timeframes. Not knowing the market direction will burn you in the long run.

 

[laurextream]

Gold is very very volatile. You can trade it with a ranging strategy

 

[pippin]

how to trade gold? what is the main trading strategy for 2024?

Buy and hold. Allocate like 5-10% of capital into gold and you will likely succeed in the long-term

 

[guner]

gold daily chart.
probably it is time to down .
i see thise.
this is my indicator.

 

[Fxzombie]

Gold finally broke high and formed a new all-time high at the price level of $2559, beyond my expectations gold would break when the Fed cut interest rates, but this may be the market responding to US PPI data and yesterday's unemployment claims to strengthen demand for gold.

 

[niagaon9]

Choose the Right Trading Vehicle
Physical Gold: Buying gold bars or coins, though this requires storage and insurance.
Gold ETFs: Exchange-traded funds that track the price of gold, offering liquidity without the need for physical storage.
Futures Contracts: Agreements to buy or sell gold at a predetermined price in the future, suitable for more experienced traders.
Options: These give you the right, but not the obligation, to buy or sell gold at a certain price, adding a layer of strategy.