WHY TRADE GOLD AND WHAT ARE THE MAIN TRADING STRATEGIES?

Personally, I don't trade Gold because it is very volatile and it is HIGHLY MANIPULATED! Why do I say so? It is because Gold is backed by nothing, there is no country that uses gold for transactions or there is no "central bank" for gold, this is why the moves for gold is solely depending on the strength of the USD. The US can choose to strengthen the USD so that Gold price moves down or weaken the USD so that Gold price moves higher.

My advice to trading gold would be following the trend, whatever you are trading it is best to follow the trend as it increases the odds and probability of your trade working out.

Gold is high volatile asset. News trading is also good stratergy to trade gold