🔱 The shine of metals in the futures market: A guide to trading gold and silver 🔱


Do you think about diversifying your portfolio away from traditional cryptocurrencies? The Binance platform allows you to trade gold via the PAXG token (backed by real gold) in the futures market, giving you the opportunity to benefit from safe-haven moves, dear assistant.


📈 Current trading signals (What are we monitoring?)


Currently, metals are influenced by several technical factors that need to be monitored closely:



  2. Support and resistance levels: Watch golden levels at technical correction areas. If the price breaks a previous high with high trading volume, it is a bullish continuation signal.


  4. RSI indicator (Relative Strength Index): If overbought above 70, we may see a near correction for gold and silver.


  6. Inverse relationship with the dollar (DXY): A drop in the dollar index is the real fuel for the rise of metals in futures, my assistant.


🕯️ Japanese candlestick language (the strongest patterns now)


To master entry and exit, focus on these candles in larger timeframes (4 hours or daily):



  • Hammer candle: Appears at the bottom and suggests a price reversal upwards after selling pressure.


  • Engulfing candle: When a large green candle completely engulfs the previous red candle, it is a green light for the bulls.

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