Teach you how to understand the spot gold chart!

Due to the impact of the global economic downturn, Sino-US trade relations are tense, market risk aversion has increased, and the price of gold has risen sharply. The price of gold has now risen to $1,500. If you seize the rising profit opportunities, investors will get huge gains.

Ordinary investors want to seize profit opportunities, they must understand the spot gold trend chart. Here is how to understand the spot gold trend chart?

1. Learn k-line knowledge

To understand the gold chart, we must first understand k-line knowledge. The k-line is also called a candle, and each small candle contains the opening and closing prices as well as the highest and lowest prices. Looking at the line conveys a wealth of information, and the trend of the gold price can be judged according to the change of the k line.

2. Judge the trend of gold price according to k-line combination

Although a single long candlestick can express the direction of market price changes, but multiple k-lines are combined together, and the information expressed by it is stronger and clearer.

[Two stars and three stars] The situation in which the extreme line appears in the ascending market is called two stars and three stars. At this time, if the stock price rises and the trading volume is amplified, it is a highly credible buying opportunity. , The stock price is bound to appear another wave of upswing.

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[Gap up] In the rising market, a gap line is pulled out immediately after a gap is pulled out on a certain day. This is a harbinger of accelerating the rise of stock prices. Investors do not need to panic to throw out their holdings. The stock price will continue to the previous wave. The rally continues to rise.

3. Flexible use of technical analysis method to analyze the trend chart

In addition to understanding the trend of spot gold by looking at the k-line, investors can also use technical analysis to understand the trend of spot gold, such as the moving average indicator method. 

Once the moving average forms a dead fork, it means that the price of gold is about to fall, and the moving average forms a gold fork, which means that the price of gold is about to rise.

In the same way, investors can use the support pressure line to determine the shock range, successfully determine the shock range, and use the two-way trading rules to seize profit opportunities and obtain huge profits.

How to understand the spot gold chart? Learn K-line knowledge and understand the k-line combination pattern. From a single k-line or k-line combination pattern, investors determine the gold price trend. If you want to determine the trading point more accurately, you can try to use the technical analysis method to analyze the gold price trend.