Any ideas for Gold trading now?

[Stoneage1989]

Hello, are you guys using technical analysis or fundamental analysis for Gold now?

 

[Stoneage1989]

It breaks the strong resistance @ 2000, went up to 2030 and retrace back to 2000. Lets see how the nfp push to gold to. Especially with easter holiday

 

[adil149]

Trading gold using psychological / institutional price levels is always cleaner and better.

 

[noahlucas]

It is important to conduct your own research and analysis, and consult with a financial advisor before making any investment decisions.

That being said, gold trading can be influenced by a variety of factors such as global economic conditions, geopolitical events, inflation, and changes in interest rates. It's important to closely monitor these factors and stay up to date on current news and events that may affect the price of gold.

It's also important to have a solid trading strategy in place, with clear entry and exit points, risk management strategies, and an understanding of technical analysis tools. You may want to consider using a demo trading account to practice your strategy before committing real funds.

Remember, gold trading can be highly volatile and carries risk, so it's important to approach it with caution and a well-thought-out plan.

 

[Mefiu007]

Today I haven't good day in trading, but gold looks to be going up till 2000$