How to grasp the timing of trading in the gold trend chart?
Updated
To grasp the timing of trading in the weekly gold price trend chart, the first task is to conduct an overall evaluation and analyze the market, and then wait for the opportunity to mature.
Due to the margin system implemented in the gold market, price fluctuations appear more volatile than other markets, making timing particularly important. Although timing is a local and tactical issue, a good entry area is a powerful guarantee for strategic defense and increased holding confidence, as well as an important step in the effective implementation of the entire investment plan.
The choice of timing should start from a safe and easy-to-defend perspective, otherwise the motivation for investment may unintentionally fall into the realm of greed. The so-called easy-to-defend means that even if there are errors in the general direction, the entered position can exit the market without losses or with small losses.
A good entry area is like a "base" in military terms, which can be attacked or defended. So, how to determine the "base" in gold trading?
This can be grasped through two aspects:
⑴ Mainly judged through technical forms and other means
⑵ Comprehensive evaluation of the basic information of both the positive and negative aspects of the market.
Therefore, by evaluating the superficial features of the market and the contradictions between the two opposing sides, the goal is to seek and wait for the maturity of market opportunities, with the purpose of waiting for a situation where the risk is limited but the potential gains are enormous - this is the true meaning of investment.
GOLDXAUUSDGC1!GOLD1!Trade active
Note
Gold prices continue to fall
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