Spot gold is a spot transaction, which means delivery or delivery within a few days after the transaction is completed. Spot gold is an international investment product. It is an investment and wealth management project formed by gold companies establishing trading platforms and conducting online trading transactions with market makers in the form of leverage ratios. So, what are the bottom-hunting techniques in gold trading ?
- Master the skills of identifying trends
Mastering the skills of identifying gold price trends and finding the main line of the trend can help investors grasp the overall trend of the market. Only by looking at the development of the gold market outlook with a long-term perspective and not being confused by short-term market fluctuations can we achieve long-term and stable profits. In addition, investors who speculate in gold need to master the chart analysis methods such as the golden weekly trend line and monthly trend line, in order to more accurately grasp the long-term trend of gold prices .
- There must be principles for adding positions
In the process of speculating in gold , you need to increase your investment according to the investment market and your own income, in order to achieve higher profits. However, there is also a need to pay attention to adding positions. Most sophisticated investors will follow the “pyramid” overweight.
The main operation method is: after the first order is placed, if the gold price trend is consistent with the trading direction, and if the investment is correct at this time, if you want to increase the position, you can follow the principle that the amount of each increase is less than the last time. Such an operation method can help investors reasonably avoid investment risks and strive for greater profit opportunities for themselves.
- Master the best trading time
In the process of speculating in gold, when the price of gold is rising or falling, it usually encounters resistance or support levels. These two price levels are just important indicators for judging the timing of entry. Investors should analyze the price to break through the resistance level or fall below the support level, and grasp the more effective buying or selling trading time.
- The market is not clear and does not enter the market
Some novice investors often do not think carefully, blindly trying to seize every profit opportunity. Although the T+0 two-way trading mechanism is a major advantage of gold investment, it does not mean that trading can be more profitable all the time. Under the circumstance that the trend of the gold market is uncertain, investors should not easily enter the market if they do not have a special grasp of the market. At this time, you need to wait and watch the market changes, find the right time to re-enter the market, and avoid making wrong trading operations.