What is the best time to close a gold transaction?
There are many advantages of spot gold trading. For example, the two-way trading mechanism allows investors to have a chance to make a profit regardless of whether the market is rising or falling.
But this is just an advantage. To realize it concretely, it also needs traders to grasp the timing of liquidation. So when is it best to close the position of the speculative gold?
In fact, traders want to master the best time to close positions. The first point to understand is the key points in the gold chart, where the support and resistance points must be clear to traders.
The support point means that the gold price may encounter support when it falls, and then the stop-down callback will tend to stabilize the price level, while the resistance point means that the spot gold price may encounter resistance when it rises, and then stop rising and callback the falling price. .
The following points are the timing of liquidation:
1. Generally speaking, when the price of gold is close to the first support or resistance, traders should carefully analyze. At this time, traders may wish to close their positions in real time to avoid market callbacks.
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2. When the gold market breaks through a resistance point or support point, traders can observe the actual situation of the resistance point breakthrough. If the second resistance point or support point will not break through again, it will be necessary when the price starts to adjust back. Close the position immediately, if it breaks, you can continue to hold the position, and then close the position when the third support or resistance point is reached.
3. If the price is observed to rise to a certain level for more than 20 minutes and there is no sign of increase, even if there is no resistance point, the trader should close the position; on the contrary, if the price drops to a certain level, the next two No more fluctuations within ten minutes, even if the support point has not been touched, the trader must close the position.
4. When the key market fundamentals news is made public, the expected price reaction of gold has not appeared as expected, perhaps because the market has digested these signals a while ago, and traders also need to calm down. Cang Lei.
The above four points are the best time for traders to liquidate spot gold. In short, no matter what way, as long as investors are ready to close positions, they must analyze based on support points and resistance points. Time is also mainly built on the concept of Take Profit and Stop Loss, so traders should have a correct direction.
But this is just an advantage. To realize it concretely, it also needs traders to grasp the timing of liquidation. So when is it best to close the position of the speculative gold?
In fact, traders want to master the best time to close positions. The first point to understand is the key points in the gold chart, where the support and resistance points must be clear to traders.
The support point means that the gold price may encounter support when it falls, and then the stop-down callback will tend to stabilize the price level, while the resistance point means that the spot gold price may encounter resistance when it rises, and then stop rising and callback the falling price. .
The following points are the timing of liquidation:
1. Generally speaking, when the price of gold is close to the first support or resistance, traders should carefully analyze. At this time, traders may wish to close their positions in real time to avoid market callbacks.
Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.
2. When the gold market breaks through a resistance point or support point, traders can observe the actual situation of the resistance point breakthrough. If the second resistance point or support point will not break through again, it will be necessary when the price starts to adjust back. Close the position immediately, if it breaks, you can continue to hold the position, and then close the position when the third support or resistance point is reached.
3. If the price is observed to rise to a certain level for more than 20 minutes and there is no sign of increase, even if there is no resistance point, the trader should close the position; on the contrary, if the price drops to a certain level, the next two No more fluctuations within ten minutes, even if the support point has not been touched, the trader must close the position.
4. When the key market fundamentals news is made public, the expected price reaction of gold has not appeared as expected, perhaps because the market has digested these signals a while ago, and traders also need to calm down. Cang Lei.
The above four points are the best time for traders to liquidate spot gold. In short, no matter what way, as long as investors are ready to close positions, they must analyze based on support points and resistance points. Time is also mainly built on the concept of Take Profit and Stop Loss, so traders should have a correct direction.
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