Strategy: Recovery Scalping (XAUUSDT)
Entry Price: 4,792 USDT (buying now at the current support). Sale (Take Profit): 4,820 USDT. Here is the technical barrier; if it hits this point, we close everything. Stop Loss: 4,775 USDT. If it drops below this, the bullish structure breaks and we exit.
How to earn $1 to $5 daily?
With $100 USD: If you use a leverage of 10x (trading with $1,000 virtual), a movement of $10 in the price of gold gives you $2 net. With $200 USD: I would buy at 4,790 USDT. As the underlying trend remains bullish after the bounce from 4,642, I would take advantage of this momentum to sell just at 4,820 USDT before the market finds massive rejection.
Why does it work?
The price just strongly bounced from the lows of 4,642. By entering at 4,792, you ride the recovery towards the resistance of 4,820. It is a low-risk trade because the market is showing that there are buyers defending this area.
Strategy: Sale at Resistance (Short XAUUSDT)
Entry Zone (Sale): Between 4,810 and 4,820 USDT. Target (Profit): 4,795 USDT. We are looking for the price to return to where it is now. Protection (Stop Loss): 4,835 USDT. If it breaks the 820 barrier strongly, we exit to avoid losses.
Plan for your $100 - $200
If I had $200: I would wait for the bullish "whip" to 4,815 USDT to open a sale (Short). Daily Target: With that entry, you only need gold to drop $5 to take your $5 daily (using 5x leverage). It is much safer to sell at a known barrier than to buy in thin air.
Why does it work?
The barrier of 4,820 is a wall of sell orders. Historically, when the price reaches there after a rapid rise, algorithms sell automatically. We take advantage of that technical rejection to earn while the price "breathes" and goes back down to 4,790.
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$XAUT
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Entry Price: 4,792 USDT (buying now at the current support). Sale (Take Profit): 4,820 USDT. Here is the technical barrier; if it hits this point, we close everything. Stop Loss: 4,775 USDT. If it drops below this, the bullish structure breaks and we exit.
How to earn $1 to $5 daily?
With $100 USD: If you use a leverage of 10x (trading with $1,000 virtual), a movement of $10 in the price of gold gives you $2 net. With $200 USD: I would buy at 4,790 USDT. As the underlying trend remains bullish after the bounce from 4,642, I would take advantage of this momentum to sell just at 4,820 USDT before the market finds massive rejection.
Why does it work?
The price just strongly bounced from the lows of 4,642. By entering at 4,792, you ride the recovery towards the resistance of 4,820. It is a low-risk trade because the market is showing that there are buyers defending this area.
Strategy: Sale at Resistance (Short XAUUSDT)
Entry Zone (Sale): Between 4,810 and 4,820 USDT. Target (Profit): 4,795 USDT. We are looking for the price to return to where it is now. Protection (Stop Loss): 4,835 USDT. If it breaks the 820 barrier strongly, we exit to avoid losses.
Plan for your $100 - $200
If I had $200: I would wait for the bullish "whip" to 4,815 USDT to open a sale (Short). Daily Target: With that entry, you only need gold to drop $5 to take your $5 daily (using 5x leverage). It is much safer to sell at a known barrier than to buy in thin air.
Why does it work?
The barrier of 4,820 is a wall of sell orders. Historically, when the price reaches there after a rapid rise, algorithms sell automatically. We take advantage of that technical rejection to earn while the price "breathes" and goes back down to 4,790.
$BTC
#TradingCommunity #GoldmanSachsFilesforBitcoinIncomeETF #ForexGarden
$XAUT
👆 Click to trade gold in real time