How to distinguish between fake breakthroughs and effective breakthroughs in gold investment
Definition: Breakthrough refers to a price fluctuation that occurs after the precious metal has undergone a period of consolidation. It generally refers to the precious metal breaking through the resistance level upwards. Breakthroughs are divided into fake breakthroughs and effective breakthroughs.
Introduction to gold investment, how to distinguish between fake breakthroughs and effective breakthroughs:
Breakthrough resistance has important analytical significance for the choice of buying and selling timing, etc. Therefore, it is crucial for gold investors to find out whether it is an effective breakthrough or an ineffective one.
The following provides some judgment methods and market principles, but the specific situation still needs to be combined with the market situation at that time for a specific analysis.
(1) The closing price breakthrough is a real breakthrough
The closing price breaks the trend line, which is an effective breakthrough and therefore a signal to buy.
If the price once broke through the resistance level, but the closing price is still lower than the resistance level, this proves that the market did want to try higher, but buying continued, and the selling price surged, so that the price finally fell back at the close.
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Such a breakthrough is not an effective breakthrough, that is, the resistance level is still valid, and the market's downturn has not changed. At this time, it cannot be chased up, and it is easy to sell.
On the contrary, it represents the formation of a strong pattern, which is an effective breakthrough, and the gold price fluctuation range is expected to rise to a new level and can be bought on dips.
(2) The principle of judging breakthrough
A. After discovering the breakthrough, observe one more day
If the price of gold continues to develop in the direction of the breakthrough for two consecutive days after the breakthrough, such a breakthrough is an effective breakthrough and a safe buying opportunity. On the contrary, it is a fake breakthrough and Yi sells on rallies.
B. Pay attention to the high and low prices two days after the breakthrough
If the closing price of a certain day breaks through the resistance line and develops upwards, the next day, if the trading price can cross its highest price, it means that there is a lot of buying follow-up after breaking the resistance line, proving that the previous day's breakthrough was an effective breakthrough Buy in.
On the contrary, when the price of gold moves downwards beyond the upward trend line, if the next day's trading is performed below its lowest price, it means that this is a false breakthrough.
Introduction to gold investment, how to distinguish between fake breakthroughs and effective breakthroughs:
Breakthrough resistance has important analytical significance for the choice of buying and selling timing, etc. Therefore, it is crucial for gold investors to find out whether it is an effective breakthrough or an ineffective one.
(1) The closing price breakthrough is a real breakthrough
The closing price breaks the trend line, which is an effective breakthrough and therefore a signal to buy.
If the price once broke through the resistance level, but the closing price is still lower than the resistance level, this proves that the market did want to try higher, but buying continued, and the selling price surged, so that the price finally fell back at the close.
Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.
Such a breakthrough is not an effective breakthrough, that is, the resistance level is still valid, and the market's downturn has not changed. At this time, it cannot be chased up, and it is easy to sell.
On the contrary, it represents the formation of a strong pattern, which is an effective breakthrough, and the gold price fluctuation range is expected to rise to a new level and can be bought on dips.
(2) The principle of judging breakthrough
A. After discovering the breakthrough, observe one more day
If the price of gold continues to develop in the direction of the breakthrough for two consecutive days after the breakthrough, such a breakthrough is an effective breakthrough and a safe buying opportunity. On the contrary, it is a fake breakthrough and Yi sells on rallies.
B. Pay attention to the high and low prices two days after the breakthrough
If the closing price of a certain day breaks through the resistance line and develops upwards, the next day, if the trading price can cross its highest price, it means that there is a lot of buying follow-up after breaking the resistance line, proving that the previous day's breakthrough was an effective breakthrough Buy in.
On the contrary, when the price of gold moves downwards beyond the upward trend line, if the next day's trading is performed below its lowest price, it means that this is a false breakthrough.
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