Precious metals

Precious metals

Gold, silver and platinum, known as precious metals, are efficient tools to diversify your trading to reduce risks. Moreover, these metals, especially gold, are safe-heaven assets in time of economic uncertainty. As a rule, precious metal prices go up if there is a recession and drop if the economic conditions get better. However, the reality is more complicated than that, so it’s necessary to rely not only on news and economic releases, but also on price charts and technical analysis.

Let’s start with the gold or XAU (trading acronym). Here are some winning strategies for you.

First, there is one simple concept: you should stick with the direction of a longer-term trend. For instance, at the chart below you can see that despite some corrections to the downside, i.e. declines, the price still follows the upward trend. If you see a bullish reversal pattern close to the support line, consider opening a buy trade.

Secondly, look precisely at the breakouts of the key levels. If XAU/USD breaks through a resistance line, it will keep going up aggressively. Just join the move! If it’s bullish, you can just put a stop loss on recent lows and a take profit on recent highs to protect yourself.

44.jpg

Finally, manage your risks properly. Keep your lot size within reason relative to your account size. It will help you preserve your trading capital to continue trading for the long term. Successful investing in precious metals is one of the areas traders should focus on.

Let’s talk about silver. It’s not as valuable as gold. Also, silver is not only considered as a store of value, but also as an industrial metal. That’s why, price fluctuations in the silver market are more volatile than in the gold one. However, if we compare silver and gold charts, we will definitely notice that they roughly trade in line.   

The difference is that silver is affected not only by investment demand, but also by industrial demand or supply. It is used hugely in the photography, electronic and medical industries.

The rarest metal among these three precious metals is platinum. Like silver, platinum is an industrial metal. It’s mainly used for auto industry and jewelry. Chemical and the computer industries use up the rest. Africa and Russia are the main producers of platinum. This creates greater potential for cartel-like action that would support or even artificially raise platinum prices. That’s why it’s the most volatile precious metal, but you can use precious metals’ volatility to gain from it.

FBS team prepares weekly gold market analysis and trading strategies to keep traders informed about the most promising trade opportunities.  

ফেরত যান

2020-07-24 • Updated

লোকাল পেমেন্ট সিস্টেম দিয়ে ডিপোজিট করুন

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

কলব্যাক

ম্যানেজার শীঘ্রই ফোন দেবে।

নম্বর পরিবর্তন করুন

আবেদন গ্রহন হয়েছে

ম্যানেজার শীঘ্রই ফোন দেবে।

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

অভ্যান্তরীন ত্রুটি দেখা দিয়েছে। অনুগ্রহ করে কিছুক্ষণ পরে আবার চেষ্টা করুন

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

নতুনদের জন্য ফরেক্স বই

Beginner Forex book will guide you through the world of trading.

নতুনদের জন্য ফরেক্স বই

ট্রেডিং শুরু করতে সবচেয়ে গুরুত্বপূর্ণ জিনিসসমূহ
আপনার ই-মেইল দিন, আর আমরা আপনাকে ফ্রি ফরেক্স গাইডবুক প্রেরন করবো

ধন্যবাদ!

আমরা আপনার ই-মেইলে বিশেষ একটি লিংক প্রেরন করেছি।
সেই লিংকে ক্লিক করে ইমেইল নিশ্চিত করুন আর নতুনদের জন্য ফ্রি ফরেক্স গাইডবুক নিয়ে নিন।

আপনি পুরনো ভার্সনের ব্রাউজার ব্যাবহার করছেন।

লেটেস্ট ভার্সনে আপডেট করুন অথবা অন্য একটি ব্যাবহার করুন সুরক্ষিত, আরো সুবিধাজন এবং ফলদায়ক ট্রেডের অভিজ্ঞতার জন্য।

Safari Chrome Firefox Opera