For gold investors , how to judge the trend of gold prices is the most concerned and most important issue. So, how to judge the trend of gold gold trading ?
1: Judgment of support and resistance points
K-line judgment:
If there is a relatively large Yangxian on the 1 hour and 4 hours daily line, then the bottom, top and middle of the big Yang line are more effective supports and can be used as a reference (the daily line is especially important).
Bollinger Bands boll judgment:
The hourly line, the 4-hour line, and the upper boll track of the daily line are all effective resistances in the near future, while the lower boll track is an effective support in the near-term period. Combining the different time periods, it can be seen that the strength of support and resistance is basically supported.
2: Judgment of the moving average
MA5, MA10, MA30, MA120 (especially the weekly k-line, when the gold price drops sharply for a few weeks, it falls back to MA30, which is a very effective support, the daily line forcibly rises, and the moving average is long, then the gold price is pulled for a period of time, the price deviates MA5 has been around for a long time, so there is generally a need to fall back to the MA5 position. At this time, you can draw an approximate MA5 extension line yourself, then the second point is a relatively strong support, and the same reason for the decline. Other coefficients of MA in other time periods , the price rise and fall are effective support and resistance.
3: Judging the trend
(1) If a wave of trends continues to oscillate for a long time, especially if the price of gold moves sideways within a range and moves out of a box range, then the top of the box is a more effective resistance, and the bottom is a relatively strong support. If it breaks which side, then it must fluctuate according to the trend. The size of the fluctuation is at least above the size of the upper and lower range of the box. The longer the interval oscillation time is, the more effective the above fluctuation law is;
(2) In addition, it rises (falls) for a wave, then pulls up (falls), probes down (rises) this position again, and repeats it many times, then this point basically forms a bottom (top), which is considered to be a more effective support and resistance point.