$XAU
š„ Big Update for Traders! š„
š„ Now we can trade GOLD on Binance ā but ONLY in FUTURES š”
This is very important to understand:
š Gold (XAU) is NOT available in Binance SPOT market ā
š That means simple buy & hold gold trading is not possible.
ā Gold is traded only in the FUTURES market
The pair name is: XAUUSDT Perpetual Futures
š¹ What does Gold Futures trading mean?
You trade Gold price movements, not physical gold
Both Long and Short positions are possible
Leverage is available
Stop Loss & Take Profit can be used
Interface is exactly like BTCUSDT Futures
24/7 trading is available
ā Not physical gold
ā Not spot trading
ā Pure derivative / futures trading
š§ Nature of Gold Futures
Gold moves slow and clean
Fake spikes are comparatively fewer
Strong impact from USD, CPI, Interest Rates, and News
Discipline and patience are extremely important
š Traders who already trade crypto futures
will find Gold futures easy to understand ā same rules, different asset.
ā ļø Hard Truth:
Leverage is not a shortcut.
Without proper risk management, even gold can wipe your account.
#goldtrading #XAUUSDT #tradingpsychology #HardTruths #RiskMsnagement