Six market reading skills help investors analyze the international gold market and accurately judge gold price trends.
1. Look long or short: no matter. Whether to go long or short, focus on the highest point and lowest point of the day. If the daily high and low points exceed yesterday's highest or lowest point, it means that the market has changed, which is a relatively simple way to judge the difference between long and short; p>
2. Look at the strength: continuous rise or fall, the trend changes drastically; but before the rocket or waterfall breaks through the key point, the strength is often limited, and it is the right time to go high and low.
3. Look at the amplitude: The amplitude is within yesterday’s high and low points, and the market is not worrying. However, when it shrinks to the point where you have no intention to watch the market, it is often the prelude to a market change, so you should pay special attention; the high and low points of the day are both. If it exceeds yesterday's high and low points and the amplitude increases, it is necessary to focus on the breakthrough of important support at the resistance level. If it does not, it will still be range-bound, but there is room for operation.
4. Look at technology: Those who understand graphics should look at the shape of the daily K-line every day, and make a comparative analysis with yesterday's K-line. Mainly keep an eye on the changes in the pressure level and support level. If there is no change, ignore it. If there is a change, adjust the operation idea according to the trend.
5. Look at the target: While keeping an eye on the international gold price, you should also pay attention to the direction of the US dollar index. Although the two are sometimes out of sync, generally speaking, the US dollar rises and gold falls.
6. Look at the principle: The purpose of watching the market is short-term, although there are opportunities for both long and short positions. However, you must have the overall trend of the market in mind. For example, gold is adjusting after a long-term decline and has not yet recovered. You must be cautious when holding long orders in the short term. On the contrary, in a long-term upward trend, be careful when holding short orders in the short term.