How to improve the accuracy rate of spot gold transactions?

How to increase the accuracy rate of trading gold? The trading of gold requires certain skills. When trading gold, mastering certain skills can improve the accuracy of trading gold. So, what should I do?

Tips to improve the accuracy of the order:

First, resistance level-resistance is naturally formed where the strength of the bears is strong and the strength of the bulls is weak.

In practice, due to the consistency of public expectations, the following areas often become obvious resistance areas:

1. The opening price of gold on the day is lower than the previous closing. In the process of climbing upwards, you will encounter resistance here, because after a night of thinking, the long and short sides have reached a consensus on the previous close. When the market opened on the day, if the price of gold opened lower, it showed that the selling interest was strong.

On the one hand, it will be hit by a new sell at any time, on the other hand, when approaching the previous close, the accumulated sales in the morning will play a role, making the bulls easily pass this barrier.

2. After the opening day, it went lower. Because of the large amount of selling at the opening price, resistance will be encountered when rebounding back here.

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3. The reason for the formation of the previous high is because there is an obvious backlog of selling here.When the price of gold falls back here and then rises again, once it approaches the previous high, there will be new short-selling forces involved and the bulls will also change. Be cautious.

Has formed an obvious M-head pattern on the chart, and most of the time the high point on the right will be lower than the high point on the left.

4. Due to people's psychological effects, some integer barriers often become an important resistance when rising.

The purpose of the identified resistance zone is to sell at the highest point or the second highest point, and generally can be sold before entering the identified resistance zone.

Second, the support level-the place where it cannot fall is the support level. The common support levels are as follows:

1. If it goes higher after the opening and falls back to the opening price, the support will be stronger because there is more precipitation in the buying.

2. Pre-closing If the gold price falls from a high position, the supporting force at the previous close is also strong.

3. Front low. The low point zone formed last time will generally become people's psychological support level, the reason is the same as the resistance zone.

4. The previous high point has a high resistance. Once it is effectively crossed, due to the accumulation of buying orders, it will generally be supported when it falls again.

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