Gold (PAXG/USDT) with a Trailing Strategy

👤 Technical Analysis:

PAXG/USDT seems to provide a good opportunity to enter a short-term trade, with the potential to benefit from the price action over the coming week.

💰 Trading Strategy:

1️⃣ Suggested Entry Price: $2,750

2️⃣ Setting a Trailing Sell Order:

Trailing Ratio: 2% to 3%

Limit Price: Depends on the price action but is always at the specified trailing ratio (i.e. when the price drops by 2-3% from the highest level reached).

Trigger Price Market Price: When the price rises above the entry level and forms a new high, the trigger price changes to be 2-3% lower than this high, thus following the price in the event of an increase and securing profits.

💡 Example:

If you entered the trade at $2,750 and the price rises to $2,800, the activation price will be approximately $2,744 in the event of a 2% retracement.

If the price continues to rise to $2,850, the activation price will be $2,793.

If the price falls back to the activation price level, the sell order will be executed at the available price.

⚠️ Disclaimer

This analysis is based on a forecast of the global gold price movement range, and is not a guarantee of any profits. Remember that trading markets contain risks, and the trend may change unexpectedly. Make sure to make decisions based on your personal analysis and within the risk level that suits you