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Best Strategy To make $4000 monthly on XAUUSD

1. Scalping. It is rarely used to trade gold. In a few minutes, the price does not have enough time to gain a sufficient move to compensate for the spread and yield a profit comparable to the time spent. There are more profitable scalping trading instruments.

Forex scalping involves trading currencies with only a brief holding time, and executing multiple trades each day. Forex scalpers keep risk small in an attempt to capture small price movements for a profit. The small price movements can become significant amounts of money with leverage and large position sizes.
2. Swing trading. Trading on corrections is also really applied to XAUUSD, as the corrections are not deep. Here, trend following strategies are more suitable. However, you can combine swing trading and trend strategies in some cases.
Swing trading refers to a trading style that attempts to exploit short- to medium-term price movements in a security using favorable risk/reward metrics. Swing traders primarily rely on technical analysis to determine suitable entry and exit points, but they may also use fundamental analysis as an added filter.
3. Intraday trading. Gold day trading is one of the most common strategy types. Unlike currency pairs, which can many times jump up and down during a day, the gold industry slowly gains speed. However, gold features longer price fluctuations during a day at the moments of fundamental factors’ influence. Differently put, the range of the gold price intraday movements is greater than the currency pairs’ movements. The frequency of the XAUUSD price moves is lower.
What is meant by intraday trading?
Intraday trading – also known as day trading – refers to the purchasing and selling of stocks on the same day. The stock market is subject to fluctuations that leads to variation in stock prices throughout the day.

4. Medium- and long-term strategies. Positions can be held open for several days if there is a clear trend. But the profits of these strategies are diminished by swaps and exchange commission fees.

5. Technical Indicators strategies. They are trading strategies based on technical analysis. A combination of volatility and trend indicators with multiple timeframes analysis works well here. In an hourly timeframe, the length of the price movement in the intraday range is estimated. If the price is at the beginning of the movement and the trend is clear, you can open a position. You can also add oscillators as auxiliary tools

6. Price Action strategies. They mean trading based on chart patterns and graphic analysis. Since the movement of gold prices is smoother, compared with foreign exchange assets, resistance and support levels are more clearly traced in the chart. Trend exhaustion patterns are a triangle, flag, pennant, etc. Price action patterns trading can be combined with indicator strategies.

7. Trading based on fundamental analysis. The XAUUSD pair is responsive to fundamental market forces. Trading based on fundamentals suggests you find positively or negatively correlated assets. For example, optimism in the stock market means that investors will withdraw the money from gold assets and reinvest into more profitable assets. Negative GDP forecasts, inflation rise, for instance, push the gold price up. You can refer to the Market Sentiment indicator, showing the forecast of the majority.

8. Social trading. Active trading is not only constantly monitoring the price chart and looking for a signal. You can copy trading behavior and signals offered by experienced traders for a small commission fee. In terms of gold trading, you need to choose traders, who enter trades on the XAUUSD more often than other assets. You link your account to the trading account of such traders and signals are automatically copied to your account.

 

How to make $13,000 Yearly with Gold

Gold is a chemical element with the symbol Au (from Latin aurum ‘gold’) and atomic number 79. This makes it one of the higher–atomic-number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions.

Gold often occurs in free elemental (native state), as nuggets or grains, in rocksveins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid alone, which dissolves silver and base metals, a property long used to refine gold and confirm the presence of gold in metallic substances, giving rise to the term ‘acid test‘. Gold dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold also dissolves in mercury, forming amalgam alloys, and as the gold acts simply as a solute, this is not a chemical reaction.

A relatively rare element,  gold is a precious metal that has been used for coinagejewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy. Gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after the Nixon shock measures of 1971.

In 2020, the world’s largest gold producer was China, followed by Russia and Australia. A total of around 201,296 tonnes of gold exists above ground, as of 2020. This is equal to a cube with each side measuring roughly 21.7 meters (71 ft). The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry. Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, production of colored glassgold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.

4 ways to invest in gold

You have a few options here: You can either buy physical gold like bars or gold coins, invest in gold mining company stocks or a gold exchange-traded fund, or ETF, or buy into gold futures.

1. Purchase physical gold

  • Bars
  • Coins
  • Jewelry

The most straightforward way to put your money in gold is to buy physical gold like bars, coins or jewelry.

To actually make a profit off the precious metal, you need to have a reasonable expectation that your gold can be sold for more than you paid for it. Unfortunately, gold prices are notoriously difficult to predict.

In the 1990s, gold barely hit $300 on a good day. Then, as financial and political crises loomed in the mid-2000s, people did what they always do and started buying up gold, which drove up gold prices.

Its value more than doubled from $800 an ounce in 2009 to $1,900 in 2011. But by 2013, the bubble had burst and gold was down to $1,300.

Then in the summer of 2020, during the stress and uncertainty of the pandemic, gold briefly surged to an all-time high of $2,000 an ounce before sinking back down once again.

If gold forms part of your retirement plan, you can actually buy it through a gold individual retirement account, or IRA. That said, you’ll need to set it up with a special custodian or broker; be aware that you may be charged fees to cover the cost of storing the metal.

2. Invest in gold stocks

You can invest in gold without ever touching a flake of it by purchasing shares of gold mining companies on the stock market.

The advantage is that if the price of gold suddenly plummets, you may not lose your shirt because the mining company could decide to focus on another metal.

The disadvantage of owning mining stocks is that they can decline with the rest of the market, even when the value of gold is steady. In fact, business factors can always come into play — factors like the company’s financials, the quality of its management team and long-term production prospects.

You can easily invest in commodity stocks through any number of investing apps — although a few will give you a free stock just for signing up.

3. Invest in gold ETFs

Investors might buy into gold exchange-traded funds to avoid the uncertainty that comes with investing in a particular company.

Put simply, these funds are pools of money from investors that are poured into a variety of gold and mining companies. ETFs are traded like stocks; some of the most popular gold ETFs are GLD, GDX and GDXJ.

You will have to be prepared to lose a certain percentage of your investment’s value every year to the fund’s expense ratio. For example, with the largest gold ETF, SPDR Gold Shares, you’ll be charged 0.40% of your investment’s value each year.

Still, ETFs as a whole have very low management fees, and you save even more by buying them through an investment app.

It’s also important to note that there’s still a measure of uncertainty when investing in ETFs. Although these funds are heavily diversified to reduce risk, they are subject to the fluctuations of the stock market.

If the market crashes, the value of your investment could drop even if the value of gold doesn’t change.

4. Buy gold futures

Gold futures are very complicated. They’re contracts in which you agree to buy a set amount of gold at a specific price some time in the future.

Traders can strategically buy and sell futures contracts to profit from the changing price of gold.

Buyers of futures contracts profit when commodity prices rise. Sellers of futures contracts profit when commodity prices fall.

The contracts typically require a minimum purchase of 100 ounces of gold. Novice investors should exercise extreme caution with futures contracts due to the high degree of borrowing typically involved.

Know the Uses of Gold that will make You $15,000 monthly

Throughout history gold has been highly sought-after, revered and cherished. More than that, it is used for a myriad of applications and remains one of the most sought-after precious metals found on the planet.

Gold is highly prized not only for its natural beauty but for its rarity, usefulness and versatility, and can be found in almost every sphere of modern life. Gold’s many, and diverse, properties – some of which are unique to gold – make it an indispensable and vital component in various fields. Traditionally gold has been used to make coins, bullion and jewellery, but in recent times it has been used in a variety of less typical ways.

JEWELLERY

The use of gold in making jewellery dates back to around 6,000 years ago. Egyptian pharaoh Tutankhamun’s famous burial mask was made from gold. Approximately 78% of the total gold mined each year is made into jewellery as it is very easy to work, can be drawn into wires, hammered into thin sheets, melted and cast into shapes, is tarnish resistant, has a very high lustre and a desirable yellow colour.

Jewellery is still the most common way gold reaches consumers.

FINANCES AND INVESTING

Throughout history, gold has been seen as a symbol of wealth and used for financial transactions. The first purely gold coins are believed to have been manufactured in the Asia Minor kingdom of Lydia in 560 BC. This tradition continues today and gold is still the most popular precious metal for investments.

One of the most common ways to hold or invest in gold is in gold coins, gold bars, or gold bullion. South Africa’s Krugerrand is the world’s most widely-held and actively-traded gold bullion coin, developed by the country’s Minerals Council. The first 22 karat gold Krugerrand was minted on 3 July 1967.

DENTISTRY AND MEDICINE

Gold has been used in dentistry since 700 BC. It is chemically inert, easy to insert and non-allergenic in nature and therefore highly suitable for fillings, crowns, bridges and orthodontic appliances. The gold used in dentistry is predominantly white gold, usually 15 karat or higher, or a gold alloy.

Gold is also used in medicine in salt or radioisotope forms which are taken orally or via injection to alleviate certain conditions including severe rheumatoid arthritis and tuberculosis. Small amounts of gold isotopes are used in the diagnosis and treatment of certain illnesses. In lagophthalmos, a condition characterised by a person’s inability to close their eyes, a small amount of gold is planted in the upper eyelid to help the person close their eyes. The gold isotope, gold-198, is used in the treatment of cancer.

AEROSPACE

Gold plays a vital role in the aerospace industry where consistent and effective technologies are key to survival. Gold is used to lubricate various mechanical parts, in circuitry to conduct electricity and to coat the insides of spacecraft to protect people inside from infrared radiation and heat.

ELECTRONICS

Gold is a dependable, highly-efficient conductor and connector, and it does not corrode making it perfect for use in circuitry.

A small amount is found in almost all electronic devices, including cell phones, televisions, calculators and global positioning system (GPS) units.

Rapid accurate transmission of digital information is vital in today’s world and gold, as an efficient and reliable conductor, is often found in desktop and laptop computers to facilitate accurate transmission of digital data at remarkable speeds.

RECOGNITION

The unparalleled beautify and qualities of gold make it one of the highest status symbols. We use gold for our most noteworthy objects: wedding rings, Olympic medals, religious icons and Oscars.

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