Gold $XAU continues to take off. I’ve been continuously tracking the gold trades in the VIP futures community. We went long from 3900, with the first target at 4000, and then continued to track the trade, setting the second target at 4100. When I got up this morning, I saw that we had already reached our second target, so we’ll keep monitoring it. You can hold on to the remaining gold long positions for now and see how things go. As I’ve said, I’ll generally keep tracking our futures trades, whether they hit take-profit or stop-loss levels. Just follow the strategy in our community.
Gold’s latest move has been very strong, and judging by its volatility, it’s no less volatile than BTC. So when trading futures, we don’t have to choose only cryptocurrencies—gold is also a relatively stable asset. Since gold’s daily chart broke below 3950 and then reclaimed it, I’m looking upward to the resistance levels at 4150 and 4200. The key is still to watch whether selling pressure emerges when the price rebounds to those resistance levels.
Gold’s latest move has been very strong, and judging by its volatility, it’s no less volatile than BTC. So when trading futures, we don’t have to choose only cryptocurrencies—gold is also a relatively stable asset. Since gold’s daily chart broke below 3950 and then reclaimed it, I’m looking upward to the resistance levels at 4150 and 4200. The key is still to watch whether selling pressure emerges when the price rebounds to those resistance levels.
