$XAU Entry Zone: If you want to enter now, it would be wise to accumulate between the current price (5,035) and 4,950.
Stop Loss (SL): Keep it below 4,800. If this level breaks, bullish momentum may end.
Take Profit (TP):
TP 1: 5,150 (Immediate resistance)
TP 2: 5,400 (Major resistance zone)
TP 3: 5,600 (Previous high)
Long Term Future Trading Details
In future trading, gold (XAU) is quite volatile, so keep the following in mind:
Use Low Leverage: In future trading, people take 20x or 50x leverage which is very risky. For gold, 3x to 5x leverage is sufficient for long-term holding to prevent your account from being liquidated if the market dips slightly.
Margin Management: Always use only 5-10% of your wallet in a single trade. Keep the rest of the funds as backup to avoid margin calls.
Fundamental Factors: The price of gold depends on the US Dollar index (DXY) and inflation data. If the Dollar weakens, gold will go up.#TrumpCanadaTariffsOverturned #XAUUSD❤️ #BTCVSGOLD #WhaleDeRiskETH