Dovish interest rate hike, good harvest in gold trading!The Federal Reserve is dovish and raised interest rates by 25 basis points as scheduled, and gold's short-term increase has expanded to more than US220, reaching as high as 1966.55.In just a few minutes, have you grasped this wave of huge profits?
Before the interest rate decision, I have reminded that the limit price is set around 1945 in advance to order a buy, the take profit is set to 1960, and the stop loss is set to 1942. Only use the loss space of 3 US dollars to gain a profit space of 15 US dollars.Obviously, we got a profit of 15 US dollars.
Why is it necessary to set a limit price in advance to order to buy instead of choosing to sell?I give the following reasons:
1.Due to the spread of the banking crisis and the credit crisis, it is impossible for the Fed to choose to raise interest rates by 50 basis points, otherwise it will cause concerns about the global economy and exacerbate panic; therefore, the Fed will choose to raise interest rates modestly or not, and dovish interest rate increases will support the rise in gold prices.
2.Even if the Fed chooses to raise interest rates by 50 basis points, it will cause concerns about the global economy and the spread of panic will promote the inflow of funds into safe-haven asset gold, so gold will continue to rise after a short-term decline.
3.In addition, multiple supports below the technical side are strong, and there is limited room for gold to fall. After the recent decline, gold has a need to repair and rebound.I don't know how to analyze the technical aspects in detail. You can choose to take a look at the analysis of the previous article.
Based on the above, that's why I chose to set a limit price near 1945 in advance to order a buy, and of course I also achieved good results.Have you kept up with the pace of trading?
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Xauusdforex
The rise in gold prices is over, has the decline opened?Only when you experience setbacks in everything will you realize that it is not easy to get, and what you get easily always feels too simple to cherish. This is human nature.Success is not that you don't work hard enough, but you don't persevere enough. 99% of the way is finished, but it is easy to fall in front of 1% because you give up too early.
As the market digested the news of UBS's acquisition of Credit Suisse and the joint actions of the six major central banks such as the Federal Reserve, the market's risk aversion fell, and the gold price fell from the key mark of US 2,000 in volatile trading. It is currently trading near the 1964 line.
From the perspective of gold price trends, gold surged to a position near 2009 yesterday and then fell sharply by more than 40 US dollars, and finally closed a negative K line with a long upper shadow line. This pattern generally indicates that the pressure above has begun to increase sharply, and technical indicators show that the oversold resonance is very obvious.
Although there are obvious signs of a decline in gold prices at present, the trend formed by the large cycle is not easy to turn around in a short period of time, and market sentiment continues to be fragile, and the uncertain macro background will continue to attract gold buying.So I think there will be repeated situations here in the short term. Even if the bulls start again, they still need to repeatedly adjust the step-back confirmation process.
In the short-term treatment, the lower support is in the 1950-1955 area, and the upper resistance is in the 1980-1985 area.Operationally, high-throwing and low-suction operations can be carried out in this area.
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Safe-haven buying may push gold prices to new heightsDuring the Asian session on Monday (March 20), gold bottomed out and rebounded. It had previously fallen to around US 1,968.18 per ounce due to technical adjustment needs, and over the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank jointly took coordinated actions to enhance market liquidity. UBS agreed to acquire Credit Suisse, which once cooled risk aversion, but this optimism quickly subsided, and buying on dips helped gold prices reverse their decline, and they are currently trading near US 2,000/ounce.
It is expected that gold prices will continue to be supported by safe-haven buying, and the market is also paying attention to the Fed's interest rate decision to be released this week. The market expects to raise interest rates by only 25 basis points. The wording is difficult to be hawkish. It may pave the way for the next meeting to suspend interest rate increases. The market expects the Fed to cut interest rates before July, which is also expected to provide opportunities for gold prices to rise further.
Judging from the trend of gold, it is currently in a unilateral upward momentum. At present, the gold price has exceeded US 2,000/ounce, and the strong bulls have sufficient strength. In the absence of a greater weakening of the bulls, the short-term structure still maintains long expectations.If you change the bullish expectations of the bulls, it will require a greater reverse operation or obvious market news impact. Therefore, the short-term structure will still maintain the long-term expectations. Before there is a clear short signal, it is not easy to change the direction of the trend structure.
In addition, the intraday chart shows that the weekly trend point is above the 5-day moving average of the daily cycle 1960. As long as it does not fall below the support of this point, don't think that gold can have room for a sharp decline.For the intraday market, gold did not continue the rise at the end of Friday at the opening of the market, but fell back and adjusted. The current lowest is near 1968. Since the decline is not strong, then in the short term, the 1968 line supports bullish, and can be adjusted upward appropriately.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
The fastest area of wealth accumulation in the world-the forexAn investment field where one opportunity is enough to change one's destiny!
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Entering the new century, foreign exchange, an investment tool with infinite charm, is attracting the attention of more and more people. This market full of opportunities and challenges is changing our destiny all the time, so much so that it is loved by more and more people.
Advantages of the foreign exchange market:
1.Low threshold for investment amount;
2.The investment period can be long or short, buy and sell as you go, and the liquidity is extremely high.
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4.The transaction procedures are quick and easy. You only need to enter the transaction procedures, which can be completed in a very short time.
5.Trading flexibility is high, and there are many profit opportunities in the dual-track of buying long and selling short.
6.The impact environment is relatively fair, the information channels are smooth, and it will not be operated by large companies. The principles of fairness, impartiality, and openness are guaranteed. There are many factors that affect it, and the relationship between supply and demand has a great impact.
7.The degree of risk is relatively high, but foreign exchange trading operations are flexible, mobile, rapid, and risks can be controlled and prevented.
How to quickly accumulate wealth with small funds:
1. Survival first, development second.
2. Only do short-term intraday trading.
3. Operate no more than 5 times a day, and try not to place orders after the daily profit exceeds US 1,000.
4. Only 2-3 varieties are made every day.
In the trading process, at the same time, establish that opportunities are available every day, and you need to maintain the concept of waiting patiently for opportunities, and overcome the impatience of eager to win; at the same time, make rational use of stop losses, establish the concept of safety in the bag, and turn floating profits into real profits in a timely manner.After trading, find the time period when you make the most profit every day, try to give full play to your advantages in this time period, and summarize your experience every day to continuously improve your tactics.
Strong bulls and no bears, gold trend is expected next week!During the US stock trading session, gold rose sharply due to the sentiment of the banking crisis in Europe and the United States, and finally closed at US 1988.3 per ounce.Judging from the current strong bullish energy of bulls, the bullish sentiment of retail investors is high, so gold still has room to rise.
On Friday, gold still rose after the shock, and continued to expand its gains, thus touching the vicinity of 1937. The rally still failed to slow down. After the correction of the shock above, it failed to form a downward trend. Instead, it took advantage of the situation to continue to go up the high line, breaking multiple resistance in a row, but in the process of rising, it fell slightly after reaching the 1987 dollar line.After the rally went higher, the short-term high was suppressed, but the trend structure failed to change, and there is still some room for the increase to rise.
In the short term, it is not easy to guess the top. Before reaching the key layout stage, it is not easy to participate against the trend. The short-term structure is still strong. Take advantage of the trend and wait for the opportunity to step back and go long while not chasing the high.If there is a large pullback, then another shorting plan will be laid out.After maintaining a high level for a short period of time, the volatility is still higher after the correction, and the bulls are still strong, breaking through the previous high of 1960, so the current increase trend structure is still a strong trend.Short-term expectations are temporarily suspended.
In terms of the layout of gold next week, we should first look at the decline. The 2000 integer mark has a certain pressure. Yesterday, the US market touched near 1990 and then fell below the shadow line. The market rebounded again in the future. The upward trend is still under pressure. At present, with the closing situation on Friday, the short-term high of the closing line at the end of the week is expected to withdraw again. First look at the fall and then look at the rebound.In general, the short-term bullish trend around the strong link remains unchanged, and the gold operation thinking next week will still be based on low and bullish.
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XAUUSD Gold New Week MoveXAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern and Rejection from the LTL
Selling Divergence
It can Possibly Reject from the UTL at the Daily Resistance Level Making its Second Top
Break of Structure
Broke the Fibonacci Level - 78.60% with Strong Bullish Price Action
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Will the gold price continue to break through 1940 line upward?On March 16th, a large U.S. bank injected US 30 billion into First Republic Bank to rescue the bank from the widening crisis.Previously, Credit Suisse said it would borrow up to US554 billion from the Swiss National Bank to boost liquidity.The market's worries about the banking crisis in Europe and the United States have cooled, and the global stock market has generally risen. Investors need to beware of the short-term volatility and pullback of gold prices or even the risk of peaking.
In addition, the European Central Bank still raised interest rates by 50 basis points on Thursday.It is expected that the Fed will raise interest rates by 25 basis points at the March policy meeting, which will be slightly bearish for gold prices in the short term.Of course, the current risk-averse sentiment in the market has not completely subsided, and there are still certain safe-haven funds still pouring into the gold market to provide support for gold prices.
From the trend point of view, the top of the short-term gold level is basically all around 1930, and this position is firmly established.The 4-hour-level trend has continued to rise and fall. It is currently temporarily under pressure in the 1935 area. At present, there is a certain degree of deviation from the K-line and there are signs that it has begun to gradually fall below the short-term moving average, and it tends to be able to make a certain degree of adjustment in the short-term trend.On the hourly level, the current range compression is relatively small, and the technical pattern has also begun to gradually weaken, but the overall performance of gold is still relatively strong. At present, the overall range is wide in the 1900-1940 range. In the short term, pay attention to the support in the 1910 area, and pay attention to the resistance of 1935 above.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Can we go long on XAUUSD?
During the Asian session on Thursday, March 16th,
XAUUSD is trading in a range near $1918.34/oz, while the Swiss regulatory authority has promised to provide liquidity assistance to Credit Suisse, the risk aversion sentiment remains persistent. Moreover, the market's expectations for the European Central Bank to raise interest rates by 50 basis points in the evening have decreased to 25 basis points or even keep the current interest rate unchanged. The market's expectations for the Federal Reserve to maintain interest rates next week have also increased, which is favorable for the future volatility of gold price.
The ECB interest rate decision, news related to the Euro-American banking crisis, changes in initial jobless claims in the United States, and import price indices should be paid attention to on this trading day.
Daily level: volatile rise; MACD golden cross and above the zero axis, the Bollinger Bands are opening up, and the gold price is expected to move up along the upper Bollinger line in the future. There is no obvious resistance level above the short-term reference of 1930 and near the overnight high of 1937.27; further strong resistance is at the high point of January 26th of 1949.06 and near the high point of February 2nd of 1959.57. If it breaks further, it may look towards the level of 2000.
Personal trading strategy: Focus on buying on dips, following the trend, and avoiding the current risk aversion sentiment. Buy near 1910-1915 with a target of 1930-1950. I will update the strategy promptly in the future, please stay tuned.
Gold continues to be bullish, falling back means going longThe bankruptcy of Silicon Valley Bank (SVB) triggered the U.S. banking crisis, and the negative news from Credit Suisse heightened concerns and risk aversion soared, which triggered a new round of gains in safe-haven assets such as gold.At present, the market is closely waiting for new clues about the banking crisis.
The inflation data released recently showed that it was in line with expectations. It has been half a year since it fell from the highest 9.1% to 6%. The gap from the 2% target is still very large, showing strong stickiness.If the Fed continues to raise interest rates, the economy may have problems. If the SVB bankruptcy does not spread to the entire banking industry, the Fed has reason to continue to raise interest rates.There is still nearly a week between now and the Fed's announcement of the interest rate decision next week, which means that whether the financial pressure eases in the future will directly affect the outcome of the Fed's interest rate hike.
After a short-term decline in the European market yesterday, gold quickly recovered, and the US market directly broke through the previous high, reaching the highest position of 1937.Our multi-orders near 1917 in the short-term operation yesterday very accurately captured this wave of strong market conditions. The resistance of 1950 USD is focused on the top, and the support of 1900 USD is focused on the bottom.On the daily chart, various technical indicators are clearly showing an upward trend.On the technical side, the Dayang upside on Monday matched the Dayang breakthrough at the close of last week. In fact, the long trend was established. Although there was a small yin at the top in the market on Tuesday, it was more of a technical adjustment here. Then in the conversion of the time node on Wednesday, the market re-pulled higher out of the sun, re-establishing the long trend and verifying that Tuesday belonged to the market adjustment.
For the future market, we can continue to maintain a long trend response. The target of the daily price level can pay attention to the arrival situation near 1960 in the early stage to make an expectation. In the short term, after yesterday's US market and the continuation of the early intraday trading, it basically came to the bottleneck of stepping back. Intervention can pay attention to 1910 and below, support can pay attention to the 1900 mark, and focus more on the recovery of the upper space.
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Rejection from Fibonacci Level - 78.60%
Bullish Channel in Short Time Frame
Consolidation
Elliot Waves - Completed " 12345 " Impulsive Waves and Corrective Wave " ABC "
Divergence
Breakout the Demand Zone and Completed the Retracement
Gold fell below 1900, and the decline is about to begin?At present, gold prices are slightly lower. Because the February CPI data released overnight in the United States showed that the annual core inflation rate still far exceeded the Fed's 2% target, the dollar index stopped falling and rebounded, suppressing the rise in gold prices.It is expected that the Fed will continue to raise interest rates next week and in May, with the benchmark interest rate increasing by 25 basis points each, because the report released overnight showed that the annual core inflation rate in the United States in February was still as high as 5.5%, and concerns about the long-standing banking crisis have eased.Therefore, gold's short-term upward momentum is insufficient, and the short-term short-term recovery indicates that gold may at least partially take back the gains made in the context of systemic risk panic.
The rebound in U.S. bank stocks has cooled the market's risk aversion to a certain extent. From the perspective of gold's trend, gold has also recovered in a short period of time, but the main structure is still high and volatile. On March 14th, the daily line finally closed at a high level and a small negative line. Gold is technically already seriously overbought, but considering that the current market rise is mainly caused by the buying of risk aversion, and the short-term market risk aversion does not cool down, then gold may still continue to be consumed at a high level, and it is not easy to make significant adjustments.This kind of high volatility may consume more time, gather fundamentals, and may even extend the high volatility until the Fed's interest rate decision next week.
In the short term, it is currently hindered by the actual suppression of the 1910 mark. If the upper space needs to be further opened, then it needs to actually stabilize above the 1910 mark to have further opportunities. As for the lower defensive thinking, as long as you hold on to the rise of 1870 this week, the bulls will succeed.
In the short term, the trend of gold will still be dominated by market sentiment, and it may not be so concerned about the demand for technical trends.At present, it is difficult to predict and control the fundamentals. At present, the focus of the market is on how to deal with the bankruptcy of US banks, and this issue ultimately comes down to how to adjust the Fed's interest rate hike policy.In addition, the United States will announce retail sales and producer price indexes later in the day.Before the FOMC meeting on March 22, it will become important to observe whether U.S. retail sales data indicate any consumer downturn.
The gold bulls are weak, and the bears are about to strike?The data released that the annual CPI rate in the United States in February was in line with the expected value of 6%, down 0.4 percentage points from the previous value; the annual core CPI rate in the United States in February was in line with the expected value of 5.50%, lower than the previous value of 5.60%.
The inflation data is in line with expectations, indicating that the market generally expects the Fed to continue to raise interest rates by 25 basis points in March and will not increase interest rates again.But overall, inflation has not fallen sharply, and this is not a strong data.Obviously, what the Fed has to consider now is financial stability.
At present, for the gold market, the Fed's policy outlook is divided in the market. On the one hand, the banking crisis may cause the Fed to slow down the pace of interest rate increases; on the other hand, the Fed is facing a severe inflation state, and it is still far from the 2% target. Raising interest rates is still the best way to reduce inflation.From the long-term perspective, the current banking crisis is only short-lived, and it is still difficult for the crisis to spread. Raising interest rates is still the best choice for the market to suppress inflation.
In terms of gold's trend, judging from the daily line, gold prices have been on the rise since March 8, and there has been no decent adjustment; in the past two days, gold has risen from a strong position on the 1870 line to the 1900 line and hit the 1914 line. At present, the US index has stopped the decline, and the gold rally has been blocked.To a certain extent, there is a gradual peaking rhythm, and I am optimistic that there will be a wave of effective adjustments in the near future. At present, the short-term support below 1896-1900 is the defensive line of the bulls, and once it breaks down, it will open up the downward space again.
Why do you frequently lose money when you invest in foreign exchange?
One: Counter-market operation: If you don't respect and fear the market, you will be overwhelmed by the market if you operate completely against the trend.
Second: Do not set a stop loss: Stop loss is a necessary means to control risk, and not setting a stop loss is tantamount to throwing away the money directly.
Third: Frequent operations: There is no trading plan, casual trading and frequent multiple transactions greatly increase the probability of loss.
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Can the price of gold continue to rise?After the California banking regulator closed Silicon Valley Bank (SVB), the price of gold rose 2% on March 10.On March 11, the state regulator also closed Signature Bank, which is headquartered in New York.Due to market concerns about the stability of the banking system, the dollar fell sharply, which pushed gold prices higher in the short term.
In addition, with the outbreak of a crisis in the U.S. banking industry, expectations of the Fed's interest rate hike have cooled, and Goldman Sachs even expects that the Fed will not raise interest rates in March, which will limit the rise of the dollar and boost gold.
Although the Silicon Valley Bank incident, the U.S. Treasury Department has taken steps to ensure the safety of all depositors' funds, helping to ease the panic in the market.However, in essence, the U.S. Treasury Department's actions have not broken the rigid redemption, which is not conducive to market clearance, or will bury more hidden dangers. Therefore, in the short term, the crisis of trust and run crisis caused by this banking crisis may continue to ferment.The current market's lack of confidence in the US dollar and the cooling of expectations of the Fed's aggressive pace of interest rate increases will also support gold to continue to rise.
At the same time, whether gold prices can continue to maintain an upward state still needs to be observed in the data, especially the specific situation of the US CPI data for February.
From the technical point of view, the gold price forms a W-bottom pattern structure on the 4-hour level chart, which helps to support the upward movement of the gold price. Although the current weakening of the upward momentum has led to a decline in the gold price, as long as it does not fall below the 1870 line, gold still has the opportunity to touch the 1900 or even the 1920 line upwards.
Will gold continue to rise?
Gold skyrocketed to around 1870 after the release of the non-farm payrolls report, and this is the question that most investors are concerned about: will it continue to rise?
I believe it will, and it may even reach around 1890-1900.
Why do I say this? Let's analyze it from the fundamental and technical perspectives.
As we have discussed in previous articles, the non-farm payrolls report is likely to be bullish for gold and drive up the price, and this judgment has now been confirmed, so the fundamentals are in line with expectations.
From a technical perspective: Gold experienced a V-shaped reversal this week after hitting a low, with the weekly chart closing out and the price now turning from weak to strong. The daily chart shows a continuous increase in positive days, with increasing trading volume and the price forming a bullish trend. The 4-hour chart has formed a double-bottom support rebound, and the price continues to rise with a positive momentum. The Bollinger Bands are opening upwards, the MACD is showing a bullish crossover, and the red momentum bars are continuously rising, indicating that the current price is in a strong bullish trend. Therefore, the focus should continue to be on long positions.
However, the current decline of the US dollar is about to form a triple bottom support, and gold may experience a correction. This is not bad news, because the recent rebound of gold has been too fast. If it can adjust and then gather momentum for an upward surge, it would be a healthier and more optimistic trend. The overall upward trend remains unchanged, and I believe that breaking through 1900 is not far off.
Therefore, try to buy on dips. Specific trading space charts have already been drawn, and attention should be paid to support near 1845-1855 in the short term. The first resistance above is around 1880-1890.
More detailed strategies will be provided according to market fluctuations. Follow the homepage ↓ to get real-time information.
OANDA:XAUUSD TVC:GOLD COMEX:GC1! FXOPEN:XAUUSD
howto set stoploss correctly and do a goodjob of risk managementStop loss is a necessary means to control risk, and using a good stop loss point is the only way for investors to win.
There are two types of methods for setting the stop loss point: the first type is a regular stop loss, that is, when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or stopped immediately. The second category is auxiliary stop loss. In practice, the maximum loss method, retracement stop loss, sideways stop loss, expected R multiplier stop loss, key psychological price stop loss, tangent support level stop loss, moving average stop loss, cost moving average stop loss, Bollinger band stop loss, volatility stop loss, K-line combination stop loss, chip intensive area stop loss, CDP (contrarian operation) stop loss, etc.Investors should judge based on their own risk tolerance and choose a stop loss method that suits them.
The market has been fluctuating all the time, and there are opportunities at all times, but before we make a transaction, when we look at a certain position, we also need to refer to whether the stop loss position is well set, how much profit margin can be grasped, and whether it has played a role in using small capital to fight for high returns.
The size of the stop loss: It can be set according to the resistance support in the seeking stop loss point above. The size of the stop loss we are talking about here should be set more based on the profit margin. This is the high return of small capital. When our profit margin can only be seen at 5-8 points, the stop loss can be controlled at about 3 points; The stop loss point for medium- and long-term trading can be appropriately enlarged, and when the profit point is above 30 points, the stop loss can be set to more than 8-10 points.Of course, the size of the stop loss is more of a reference factor in resistance and support.
Spread in stop loss: We all know that the cost of trading is composed of spread and commission. When we place an order, we try to find the best entry point and calculate the spread. Then the same is true when setting the stop loss. The above talked about finding the stop loss point and the size of the stop loss, then in the gold investment market, it is often a decimal point that can change the profit or loss, so we need to calculate the spread when setting the stop loss.
Several principles for setting a stop loss point:
1. Once the stop loss point is set, it is not recommended to change frequently if it is not necessary. It should be implemented decisively. Stop loss is actually a prerequisite and guarantee for profit.
2. The stop loss point should be set before each lot is traded.
3. The stop loss point can be flexibly changed, but it must not be changed day and night.
4. Before setting the stop loss point, it must be based on the current overall trend
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
How to resolve being trapped in gold position.
Given that no matter what market conditions may be, there will always be friends who find themselves trapped in a position, here are several methods for unlocking these positions:
Long-term unlocking: If an investor has a clear view of the big trend (such as a bullish market), and their position is trapped in a small trend (a dip in the market), they can first stop the loss and close out the position. Then, they can enter the market again at a lower price to earn the price difference and obtain the profit from the big trend while reducing the risk of being liquidated by the small trend.
Short-term unlocking: If the investor's judgment of the market is completely wrong, they should close out the position promptly to avoid suffering greater losses from the continuing one-sided trend. The longer a short-term investor holds a position in a one-sided market, the greater the loss.
Light position unlocking (also suitable for large fund investors): It means adding more long positions as the market falls, using idle funds to lower the average cost, and waiting for the price to rebound. The advantage is that as long as the operation is correct, unlocking is possible as soon as there is a rebound, regardless of how deeply the position is trapped.
Swing unlocking: This method is suitable for being trapped in various market stages, especially in volatile markets. It relies on the fluctuation of stock prices to unlock the position by using the price difference between high and low prices. The idea is to buy low and sell high, gradually reduce the cost, and minimize losses. The advantage is that the operation techniques are diverse and flexible, and can be adapted to different situations. If operated correctly, the unlocking speed is fast. The disadvantage is that it requires a high demand for personal time, energy, and skills, and frequent operations have a certain cost pressure. It requires professional guidance from those who have time, energy, and technical knowledge.
Tips for trading gold:
1.Entry point: The entry point is crucial. Although gold and crude oil trading involve two modes, long and short, there are actually four modes: low long, low short, high long, and high short. In a one-sided trend, all four modes are feasible. However, in a volatile market, it is essential to avoid low short and high long positions. These positions are akin to chasing rising and falling markets, which often leads to losses.
2.Stop loss: Before placing a trade, determine the stop loss price and ensure it is reasonable. Immediately input the stop loss price after placing the order. The purpose of stop loss is to limit losses. Only by limiting small losses can you preserve your capital. Sometimes you need to let go to gain something. Do not assume that if you lose this time, you cannot earn it back. Manage investment risks carefully.
3.Position sizing: How you allocate your funds affects your ability to tolerate risks. Oversized positions or full positions can lead to increased losses and psychological pressure. Often, you cannot analyze market trends carefully, which can result in mistakes.
4.Take profit: Many traders struggle to take profit, causing profitable trades to turn into losses. In a one-sided trend, the push stop-loss method can be used to increase profit margins. Taking profit requires personal consideration of exit points. Not every trade needs to yield thousands or millions of dollars. Sometimes, in a volatile market, a profit of a few hundred dollars can accumulate over time.
5.Mindset: This is the most critical point and one that every investor must master. When you enter the market, it is undeniable that everyone is here to make money. However, your mindset determines how far you will go on the investment journey. The goal is to prefer small gains over losses, not to think about making more or less profit.
Opportunities require us to seek them out ourselves. The moment you read this article, you have already been given an opportunity. Everyone in life experiences setbacks and failures, but the difference lies in our mindset when faced with adversity. Some people always regard setbacks as failures, which can undermine the courage to succeed. In investing, the key is to be on the right path and have the right direction. "A calm sea never made a skilled sailor," and there is no stable market environment. The purpose of investing is to make money! A clear mind is more important than a clever mind in this market. A good habit is more practical than a skilled technique. Perseverance is long-lasting, and authenticity is eternal. This is true of anything we do. I hope my article can bring you benefits and smooth sailing on your investment journey. May my investment experience benefit investors, and with you and me, an ordinary person plus an ordinary person, may we have an extraordinary investment experience and insights. Be meticulous in life and ordinary in your work. May your investment journey be smooth sailing.
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FXOPEN:XAUUSD TVC:GOLD COMEX:GC1!
judgment of technical indicators and application skills1. Simple judgment of support and resistance:
Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward trend, they are recognized as support and resistance.The best time to buy/sell is near the support/resistance level that is not easy to break.Once these levels are broken, they tend to become reverse obstacles.Therefore, in an uptrend market, the broken resistance level may become support for the upward trend; however, in a downtrend market, once the support level is broken, it will turn into resistance.
2. Understanding of lines and channels:
Trend lines are a simple and practical tool in identifying the direction of market trends.The upward straight line is formed by at least two consecutive low points connected.Naturally, the second point must be higher than the first point.The extension of a straight line helps determine the path along which the market will move.Upward trend is a specific method used to identify support lines/levels.On the contrary, the downward line is drawn by connecting two or more points.The variability of trading lines is to some extent related to the number of connection points.However, it is worth mentioning that each point does not have to be too close.A channel is defined as an upward trend line parallel to the corresponding downward trend line.Two lines can represent price upward, downward, or horizontal corridors.The common attribute of a channel that supports the connection point of a trend line should be between the two connection points of its reverse line.
3. Understanding and understanding of the average line:
If you believe in the creed of "trend is your friend" in technical analysis, then the moving average will benefit you a lot.The moving average shows the average price at a specific time in a specific period.They are called "moves" because they are measured at the same time and reflect the latest average.
One of the shortcomings of moving averages is that they lag behind the market, so they are not necessarily a sign of a trend shift.To solve this problem, using a shorter period moving average of 5 or 10 days will better reflect recent price movements than a 40 or 200-day moving average.Alternatively, the moving average can also be used by combining two average lines of different time spans.Regardless of the use of 5 and 10-day moving averages, or 40- and 200-day moving averages, buy signals are usually detected when the shorter-term average crosses the longer-term average upward.In contrast, a sell signal will be prompted when the shorter-term average crosses the longer-term average downwards.
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