When is the best time to invest in an online spot gold liquidation?
There are many advantages of 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. However, this is only an advantage. To realize it specifically, it is necessary for traders to grasp the timing of liquidation.
So, when is it best for traders to close their positions when making spot gold investments?
In fact, traders want to master the best time to close positions, the first thing to understand is the key points in the spot gold chart.
Among them, the support point and the resistance point must be clear to traders. The support point refers to the spot gold price may encounter support when the price drops, and then stops falling and returns to a stable price, while the resistance point refers to the spot gold When the price rises, it may encounter resistance, and then stop rising and callback the falling price.
Financial Calendar Information Express Precious Metals Simulated Trading Precious Metals Expert Live Room Gold Investment Network Precious Metals Market Software Investors Know the role of support points and resistance points, the following points are the time to close positions:
1. Generally speaking, when the spot gold price is close to the first support point or resistance point, 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 spot gold market breaks through a resistance point or support point, the trader can observe the actual situation of the resistance point breakthrough. If the second resistance point or support point will not break through again, when the price starts to adjust back To 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. After the key market fundamentals news was made public, the price of gold did not show the expected reaction phenomenon, perhaps because the market had digested these signals a long time ago, and traders also need to close their positions. Leave the city.
The above four points are the best time points for traders to liquidate gold. In short, no matter what method, as long as investors are ready to close positions, they must analyze based on support points and resistance points. It is also mainly built on the concept of Take Profit and Stop Loss, so traders should have a correct direction.
So, when is it best for traders to close their positions when making spot gold investments?
In fact, traders want to master the best time to close positions, the first thing to understand is the key points in the spot gold chart.
Financial Calendar Information Express Precious Metals Simulated Trading Precious Metals Expert Live Room Gold Investment Network Precious Metals Market Software Investors Know the role of support points and resistance points, the following points are the time to close positions:
1. Generally speaking, when the spot gold price is close to the first support point or resistance point, 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 spot gold market breaks through a resistance point or support point, the trader can observe the actual situation of the resistance point breakthrough. If the second resistance point or support point will not break through again, when the price starts to adjust back To 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. After the key market fundamentals news was made public, the price of gold did not show the expected reaction phenomenon, perhaps because the market had digested these signals a long time ago, and traders also need to close their positions. Leave the city.
The above four points are the best time points for traders to liquidate gold. In short, no matter what method, as long as investors are ready to close positions, they must analyze based on support points and resistance points. It is also mainly built on the concept of Take Profit and Stop Loss, so traders should have a correct direction.
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