#美联储恢复降息进程 has recently been researching gold tokens and found a good opportunity.
$PAXG Although it is not as famous as XUA (after all, Tether has real gold reserves every quarter, while the XUA Token is directly pegged to reserves), PAXG itself is stable. Many people are scared away by the historical chart peak of over 5000, but in reality, the daily trend closely follows the spot gold movement, and the real effective high point should be considered at the 4370 position.
Gold has now pulled back with four consecutive bullish candles. Isn't this the perfect time to use contract grids? I set up a high-position short grid around 4330, so I guess I can steadily capture some volatility profits until the Spring Festival. Of course, I still need to keep an eye on the Federal Reserve's movements regarding interest rate cut expectations, as the overall environment will affect the general trend of gold.
To be honest, these tokens linked to real assets are much more solid than the purely speculative altcoins.
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TestnetFreeloader
· 11-30 16:08
Wow, PAXG has risen again! I was scared off by 5000 before, but now it feels like the real get on board point.
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SmartContractRebel
· 11-30 16:08
Grid Trading sounds good, but I'm afraid the Fed might suddenly turn hawkish.
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LowCapGemHunter
· 11-30 16:04
Oh dear, PAXG is indeed more reliable than those scamcoins, but we need to keep an eye on the Fed.
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¯\_(ツ)_/¯
· 11-30 16:03
Damn, PAXG is indeed stable, much more comfortable than those scamcoins, and using grid trading to take advantage of fluctuations is quite ingenious.
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InfraVibes
· 11-30 16:01
The gold plate is stable, but I'm worried about what the Fed might pull again.
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MidnightGenesis
· 11-30 15:40
On-chain data shows that the reserves of PAXG are indeed more transparent, but the support level at 4330 is worth monitoring, and the Fed's movements should still be closely watched.
#美联储恢复降息进程 has recently been researching gold tokens and found a good opportunity.
$PAXG Although it is not as famous as XUA (after all, Tether has real gold reserves every quarter, while the XUA Token is directly pegged to reserves), PAXG itself is stable. Many people are scared away by the historical chart peak of over 5000, but in reality, the daily trend closely follows the spot gold movement, and the real effective high point should be considered at the 4370 position.
Gold has now pulled back with four consecutive bullish candles. Isn't this the perfect time to use contract grids? I set up a high-position short grid around 4330, so I guess I can steadily capture some volatility profits until the Spring Festival. Of course, I still need to keep an eye on the Federal Reserve's movements regarding interest rate cut expectations, as the overall environment will affect the general trend of gold.
To be honest, these tokens linked to real assets are much more solid than the purely speculative altcoins.