In the world of crypto I saw a new development yesterday that gold trading has officially started on Binance. Its campaign is currently running and about 7 days ago the XAUT/USDT symbol has been launched.
This is very good news for the crypto world where along with crypto, safe commodities are also being preferred. Surely this is such a development that is beneficial not only for crypto but many traders are also very happy with it.
I personally felt very happy after seeing this trading pair and I have also started my trading campaign in it.
Its biggest advantage is that it is not highly volatile like crypto coins rather it has a very stable price movement because of which you can get a good trading opportunity. The second thing is that it is considered one of the safest assets meaning there is no pump and dump situation here.
If I say that it can move around 1% daily it would not be more than that. Especially for investors this is also good news that now you can invest in gold through Binance.
Apart from this for traders who want to trade in safe assets this is the best option to start trading in XAU or XAUT/USDT pair which is backed by real gold.
Surely some investors may be confused whether its movement is like real gold.. Yes its movement is exactly like real gold just like gold moves in the international market the same price and same movement happens here.
Apart from this to understand gold it is very important for you to focus on some news and some technical analysis. These days because war is going on, peoples preference is more towards cash and safe assets.
As soon as this war ends people will again think about investment and everyones preference will be gold and Bitcoin. In my opinion this is the best time to invest in gold (NOT A FINANCIAL ADVICE) because recently for the past two weeks gold has been in a continuous dip and now I think it is at a reasonable price.
If I talk about its trading volume on Binance, it is around 2 billion which is a very good volume and it proves that traders have more interest in it and they want to trade more in it.
Another thing is that its analysis is very easy because pump and dump is very less in it so you can make your trendline on the 15-minute timeframe and do analysis and even do 1-minute scalping which is completely possible.
But before that remember that first you need to understand the basics of trading because without that you will only face loss. Therefore this is good news for all crypto users that gold trading has officially started on Binance.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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