How important is the initiative to control gold speculation?

The operation of the gold investment market is best to follow the trend, which is to buy on dips in the upward trend and throw out on the dips in the downward trend.

If you want to reverse the trend, it must be that the original trend has reached a key transition point from the three aspects of form, ratio and period at the same time, and it can only enter the market after the stop loss is set.

So how to control the initiative in spot gold trading?

Specifically, in actual operation, what is low and what is high? This involves the use of specific technical analysis. In summary, there are several methods:

1. Seeing orders and breaking stops: growth, in the upward trend, waiting for the gold price to fall to the important support level to buy, stop after the effective break.

Short-term can sell and close positions on the upper track of the rising channel (but it is easy not to open short positions); in the downward trend, wait for the price to rebound to an important pressure level and sell short, effectively breaking the stop loss. Similarly, buy and close the position at the lower track of the descending channel (never open a new position to grab a rebound).

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2. Break the position and make orders: when the price rises above an important pressure level, buy it and return to the break position to stop the loss. When the price of gold falls below an important support level, it will go short and return to the stop level.

3. An important reversal point can only be used as a reverse order: when the large wave pattern, ratio, and period run to the reversal point at the same time, the reverse order can be made, and it must be a light position, and the stop loss can be amplified, but There can be no stop loss.

No matter which of the above approaches you take, you need to be patient and wait for the arrival of the best entry point. If the timing is not good, you often see the trend and lose money.

Because the market price fluctuation is not a straight line, any trend is running out of shocks. Failure to choose a good time to enter the market will make you suffer from market shocks.