Is important! What is the trend of spot gold?
Although geopolitical risks can be volatile, gold in general has a track record from a technical point of view, but judging the pattern of gold's movements is difficult for the experienced and even harder for the novice. This article makes a simple share, is a simple "enlightenment" for novice investors.
First, we need to understand what a curve means.
In the process of investing in gold, you will see different kinds of curve, and different curves have their own meanings.
The appearance of the white curve indicates the weighted index of the market, which is the actual index of the market that is always mentioned when the stock exchange publishes daily.
The red and green bars always appear near the red and white lines, and their main function is to reflect the different proportions of buying and selling of all stocks in the market at that time. And the red column line of increase or decrease can be directly expressed when the increase or decrease of buying force, on the contrary, the green column line of increase or decrease means the increase or decrease of selling force.
The yellow line usually appears below the red and white curve, mainly to show the volume per minute, its unit is the hand.
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The second is the form and position. There are two main forms of gold investment, one is a long-term form, one is a short-term form. Generally, investors pay more attention to the long-term form, because the short-term form of the trend is in a relatively small range of movements, the data withdrawal is not much.
The effective combination of position in gold investment is very important. There are many kinds of positions, and the information reflected is also different. For example, the shape of head and shoulder bottom indicates the bottom reversal, which usually exists in the bottom area. If the head and shoulder bottom appear, investors need to exit the market and wait patiently.
The third is to grasp the opportunity to build a warehouse. While the gold trading trend is correct, if there are several major adjustments after the position is built, and a stop loss occurs for a variety of reasons, such a stop loss is bound to hurt the account funds and affect the final profitability.
The choice of the time to build a warehouse is actually to grasp the rhythm on the basis of analyzing the trend. Because gold prices move in waves, and trends are mixed with corrections, long -, medium - and short-term trends can be inconsistent.
The last thing to focus on is the allocation of funds.
If the price of gold moves in an adverse direction after the initial opening of a gold trade and investors choose to continue to add to their positions, they must plan for the number of additional positions and the price at which they will be placed.
The ability to judge the trend of gold is not overnight, it needs a lot of practice to explore, with the accumulation of time, can become more and more accurate.
Posted Mar 12, 2020, 5:54 AM UTC