When is the good time to close a spot gold transaction?

When is the good time to close a spot gold transaction? In the process of spot gold trading, everyone often attaches importance to grasping the timing of buying, but it is also very important when to close the position.

Premature liquidation may lead to the failure to obtain subsequent rich profits, but if the position is not delayed, the market may eventually return to the starting point when buying, or even turn profit into loss, and be locked. So, when is the good time to close positions?

1. Usually when the price is close to the first support or blocking level, investors need to be cautious. At this time, stable investors can close the position immediately to prevent the market from callback, and radical investors can wait for the market to break through.

2. If the important fundamental news is announced, the gold price does not show the expected obvious reaction. At this time, it may be because the market has digested the news in advance, and investors need to firmly close the position at this time.

3. When the market breaks through the next block and support level, investors can observe the actual situation of resistance breakthrough. How can the second barrier / support level not be broken, and the position of gold will be closed immediately when the price starts to pull back.

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If it breaks, continue to hold, waiting for the gold price to touch the third block / support level and close the position. In other words, earn up to two block / support levels.

4. If the price of gold rises to a certain level, there is no sign of continuing to rise for more than 20 minutes. Even if it does not touch the barrier, investors should consider closing the position. In addition, if there is no change within 20 minutes after falling to a certain level, Even if you don't touch the support level, you should consider closing the position.

The market of skyrocketing and falling, speculative gold is either damaged or quilt. If you learn a little more technology, will the result be different?

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