The relationship between the open price, open price and open price in gold trading

After immersing in the market for a period of time, investors should be able to clearly identify various "prices" in the market, such as the opening price, the opening price, the closing price, etc. Does it matter?

1. Opening price

First of all, what you need to know is to open a position? Opening a position is also called opening a position, which means a trader buys or sells a certain amount of spot gold contracts. Generally, the opening price is the price when the customer places an order.

Second, the position price

When it comes to the position price, some people will be more confused: I do n’t have any so-called position price, which is generally the price when placing an order, that is, the position opening price. Here to explain:

Position price = construction price <current position> or settlement price of the previous trading day <historical position> (unsettled, position price = construction position; after cleared position, position price = position price).

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3. Closing price

Closing refers to selling the originally bought contract or buying the originally sold contract. The result of closing the position is that the position is reduced. Closing a short position is equivalent to buying, and closing a long position is equivalent to selling.

So under what circumstances will there be real delivery? In general, if the trader keeps this spot gold contract until the end of the last trading day, he must close the spot gold transaction through physical delivery or cash settlement.

However, few people will make physical delivery. Most of them will choose to sell the spot gold contracts they bought before the end of the last trading day, or buy the spot gold contracts they sold back.

Is to offset the original spot gold contract through a spot gold transaction of equal quantity and opposite direction, so as to repay the spot gold transaction and release the obligation of physical delivery when it expires.

The relationship between the four and the three

The whole process of spot gold trading can be summarized as opening, holding and closing positions. Of course, these three price points are also closely related. After the position is opened, there is no contract to close the position, which is called open position or open position, also called open position.

Traders can choose two ways to settle the spot gold contract after opening a position: either choose to close the position, or keep it until the last trading day and perform physical delivery.

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