What are the basic patterns of gold price consolidation?
The consolidation of the gold price refers to the relatively small fluctuation of the gold price over a period of time, and there is no obvious upward or downward trend, indicating that the amplitude of the gold market at this stage is relatively small, and the direction of the operation is not easy to grasp. Investors need When observing carefully.
Since the pattern of consolidation will appear in different stages of the gold price movement, it can be divided into four basic patterns: consolidation in rising, consolidation in decline, high-end consolidation, and low-end consolidation:
1. Rising consolidation
Refers to the sideways consolidation after the gold price has risen sharply for a period of time, breaking through the upward trend after consolidation. The corresponding transaction volume is a form of price increase and volume increase, and in the stage of consolidation, the transaction volume has not shrunk.
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Second, falling consolidation
After a period of decline, the price of gold stabilized and rebounded, and turned its head downward again. The corresponding decline in the previous period was hit by bad news. After the gold price consolidated and rebounded, it fell again, and its trading volume was a form of increasing price decline. ;
Three, high consolidation
The price of gold is stagnating at a high level, indicating that the energy of many parties is insufficient, and the room for increase is limited. The dealer is gradually carrying out the shipment operation. Investors should pay attention to the main retreat and should sell in time to make a profit.
Fourth, low consolidation
After the gold price fell for a period of time, the gold price sideways in the bottom area, combined with the stimulus of the bullish news, as long as the gold price no longer hits a new low, investors will gradually enter the market to buy, turning the market from empty to more, and the main force can be in Continue to absorb chips at low levels. When the price of gold breaks through the low consolidation area, it will pull up the price of gold and sell profits in the high area.
Since the pattern of consolidation will appear in different stages of the gold price movement, it can be divided into four basic patterns: consolidation in rising, consolidation in decline, high-end consolidation, and low-end consolidation:
1. Rising consolidation
Refers to the sideways consolidation after the gold price has risen sharply for a period of time, breaking through the upward trend after consolidation. The corresponding transaction volume is a form of price increase and volume increase, and in the stage of consolidation, the transaction volume has not shrunk.
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Second, falling consolidation
After a period of decline, the price of gold stabilized and rebounded, and turned its head downward again. The corresponding decline in the previous period was hit by bad news. After the gold price consolidated and rebounded, it fell again, and its trading volume was a form of increasing price decline. ;
Three, high consolidation
The price of gold is stagnating at a high level, indicating that the energy of many parties is insufficient, and the room for increase is limited. The dealer is gradually carrying out the shipment operation. Investors should pay attention to the main retreat and should sell in time to make a profit.
Fourth, low consolidation
After the gold price fell for a period of time, the gold price sideways in the bottom area, combined with the stimulus of the bullish news, as long as the gold price no longer hits a new low, investors will gradually enter the market to buy, turning the market from empty to more, and the main force can be in Continue to absorb chips at low levels. When the price of gold breaks through the low consolidation area, it will pull up the price of gold and sell profits in the high area.
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