How to Utilize Trends in Gold Investment?There is a proverb called "Trends are your friends". Finding the main trend will help investment clients grasp the overall market situation and not be confused by short-term market fluctuations. The chart analysis of weekly and monthly trend lines is very suitable for identifying longer-term trends.
二、判断黄金趋向线的突破
The breakthrough of the trend line has important analytical significance for the selection of buying and selling opportunities for gold, and even gold market makers often adopt market operations based on changes in the trend line. Therefore, it is crucial for investment clients to understand when the trend line breaks through, whether it is an effective or ineffective breakthrough.
三、要认准黄金的支撑位和阻力位
The gold support level and resistance level are the points in the chart that experience sustained downward or upward pressure. The support position is usually the line connected in the chart(Hourly, weekly, or annually)The lowest point is the resistance level, while the resistance level is the highest point in the chart. When these points show reproducible trends, they are considered support and resistance levels.
The timing for buying or selling gold is near support or resistance levels that are not easily breakable. However, once these points are broken through, they often become reverse obstacles. That is to say, during an upward trend, the resistance level that has been broken through may become the support level for the subsequent upward trend. In a downward trend, once the support level is broken down, it will transform into a resistance level.
Therefore, we need to summarize our lessons more. Once the same situation in the market reappears, we should first remind ourselves whether we are going to make the same mistake again this time, and then conduct market analysis and judgment.
Therefore, listening to analysis and recognizing time is crucial for our domestic traders.
3The order is not smooth, please take a break temporarily
No one can consistently make correct judgments about market trends, and under normal circumstances, making one or two mistakes has little impact. But if you make mistakes one after another, it is likely that you have lost your grasp of the market. Taking a break for now should be the best choice at this time.