How to improve the ability to judge the gold market

Gold speculators usually use a combination of technical and fundamental analysis to determine the trend of gold prices. However, due to the timely update of Internet information, all kinds of related information are updated every day, and there are quite a few technical analysis indicators.

How should gold speculators choose useful fundamental information and choose appropriate technical analysis indicators? Teacher explained in detail how to choose fundamental information and technical indicators for gold speculation.

Select the fundamental information

Fundamental analysis of gold speculation refers to the tracking and analysis of information affecting all fundamental levels of gold prices. In fact, fundamental analysis is a critical step in the analysis of speculative gold prices. The selection of accurate fundamental information has a very important role in judging the trend of gold prices.

Factors that affect the price of gold include: international financial factors, price trend factors, international economic factors, geopolitical factors, and investment market factors.

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Under normal circumstances, major websites and related agencies will publish relevant information affecting the price of gold as soon as possible. Sometimes various types of information may be analyzed in different directions. When choosing fundamental information guidance, investors should first determine the leading factors of the gold price stage.

Then summarize the gold investment information according to the corresponding level, and sort the main and secondary factors separately. Then, according to the primary and secondary levels of information, the main information is analyzed, and the secondary information is used as a reference to identify a basic price trend.

Choose the right technical indicators

There are many indicators for the technical analysis of gold prices, but under normal circumstances, the past and present transaction price, transaction volume and various price indicators of gold are the basic indicators during the analysis.

In addition, investors can use various theories, models and methods that can reflect the dynamics of market changes to analyze changes in price trends, thereby making the analysis results more accurate.

Due to the lag and limitations of some technical indicators, investors should choose a variety of relative indicators for a comprehensive analysis to avoid errors caused by a single indicator.

When investors analyze gold prices, they should not only focus on one aspect of fundamentals or technical aspects, but should develop the analysis habit of using fundamentals to judge the general trend at different periods and using technical aspects to guide operations in order to better grasp. Market conditions improve the success rate of investment.