Spot gold is a two-way transaction, and can be short or long at the same time, so when is the best time to place a gold short order? Empty single transaction refers to buying or falling gold. If the market outlook of gold really goes down, it will be profitable. How to grasp the timing of gold shorting?
1.When important data is bad
There are many fundamental news affecting the price of gold, such as the US economy, the trend of the US dollar, geopolitics, etc. When these news are not conducive to gold, the price of gold will fall under pressure. At this time, gold is shorted. one of the times. Common news that is bad for gold are: the strengthening of the US dollar, the steady development of the US economy, the stability of the global political situation, the increase in gold supply and demand, and the decline in Crude Oil prices.
2.When there is a clear bearish signal in the form of technical indicators
As a tool for investors to analyze the trend of gold prices, technical indicators are more accurate in judging the trend of gold prices. When technical indicators show obvious negative signals for gold, the price of gold will generally fall. Common bearish gold signals of technical indicators are: MA appears short arrangement or price pressure; BOLL opens downward; KD or KDJ appears dead fork; KD or MACD appears top divergence, etc. Once the negative signal of technical indicators is obvious, it is the time for investors to short
3.When the rally ends
The end of the market rebound is also a good time for investors to short. When the price of gold runs to a certain low level, the price generally rebounds, and generally rebounds to a certain height and then falls under pressure, which will cause the price of gold to rebound to the point where it is under pressure. There are generally moving averages; Bollinger upper rails; resistance lines above the consolidation market; recent price highs, etc.
4.When there is a break below the support line
When the price of gold breaks below the lower support, there will generally be a significant decline, and if the break is a strong support, the profit will be relatively large. Generally can be used as lower support: moving average; BOLL lower rail, middle rail; support line below the consolidation market; golden section line; recent price lows, etc.