HOW TO TRADER in GOLD
Meanwhile, here’s a practical checklist to analyze a “gold vs USDT” chart (works for PAXG/USDT too):
1) Trend (structure)
Uptrend: higher highs + higher lows → bias to buy pullbacks.
Downtrend: lower highs + lower lows → bias to sell rallies.
Range: repeated highs/lows → trade support/resistance, avoid chasing mid-range.
2) Key levels (most important)
Mark previous day high/low, last swing $high/low, and range boundaries.
If price breaks a level, watch for retest (break → pullback → continuation).
3) Momentum & timing (simple indicators)
EMA 20/50:
Price above both + 20>50 = bullish environment
Price below both + 20<50 = bearish environment
RSI(14):
Above ~60 supports bullish momentum
Below ~40 supports bearish momentum
Divergence near key levels can signal reversal risk
4) Trade planning (risk first)
Define invalidation: where you’re clearly wrong (stop level).
Target: next major support/resistance; avoid entries with poor risk/reward (<1:1).
