How much do you know about the spot gold K-line pattern?

When analyzing the spot gold k-line diagram, the morphological method, tangent method and wave theory are all commonly used and effective analysis methods.

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The pattern method is a method to predict the future trend of the silver price based on the trajectory pattern traveled in the past in the trend chart. It is based on the first assumption of technical analysis-market behavior includes all information.

The pattern that the gold price has traveled is an important part of the market behavior and the specific performance of the market after feeling various information. Therefore, it is reasonable to use the trajectory or pattern of the price chart to speculate the future price trend.

From the shape of the spot gold price trajectory, we can speculate what kind of environment the market is in, and thus provide certain guidance for future operations. The main forms are M head, W bottom, head and shoulder top, head and shoulder bottom and so on.

Another common analysis method is the tangent method, which refers to drawing some straight lines according to certain methods and principles, and then inferring the future trend of the gold price according to these straight line conditions.

The role of these tangents is mainly to play the role of support and pressure, and their backward extension position has a certain restrictive effect on the trend of gold prices.

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Generally speaking, when the spot gold price rises from the bottom up, as soon as it touches the pressure line, or even has not touched the pressure line, it is possible to turn around and turn down.

Similarly, when the price of gold falls from upward to upward, it will turn around upwards near the support line. In addition, if you do not turn after touching the tangent, but continue to move up or down, a breakthrough will occur.

After the breakthrough, this tangent line still has an actual effect, but the name and function have changed-the original support line becomes the pressure line, and the original pressure line becomes the support line.

In the process of practical application, whether the tangent line is drawn directly affects the prediction result. There are many methods for drawing, mainly the trend line, the channel line, etc. In addition, there are the golden section line, Gann line, angle line, etc.

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