Buying up is a long position, which can also be called bullish, and buying gold is bullish. Buying down refers to selling positions, which can also be called bearish, selling a certain gold, and bearish. Some people call it as empty as empty.

1, long (buy up)

For example, when the price of gold was 1.460.7 USD/oz, Mr. Li decided that it would go up, so he bought gold (multiple orders). When the price of gold rose to 1, 465.7 USD/oz, he closed his position, so Mr. Zhang earned 500 USD!

2. Short selling (selling)

For example, when the price of gold was 1.575.3 USD/oz, Ms. You decided that she was going to fall and sold her first-hand gold (empty order). When gold fell to 1.550.3 USD/oz, she decisively closed her position, so Ms. Wang earned 2500 USD!

Extended data:

1, transaction commission:

Customers who want to participate in spot gold investment must open an account on a regular trading platform, and the platform will charge a certain service fee, that is, commission. General platform 0.5 points per hand.

2. Communication:

The price difference is the difference between buying and selling. Gold merchants and banks behind trading platform providers will quote lower buying price and higher selling price when quoting gold price. The price difference in the middle is their profit. Usually, the difference between buying and selling spot gold is $0.5 per ounce.

For example, a gold merchant wants to buy gold, and his bid is $945.0 per ounce. At the same time, he sells gold, and his bid is $945.5 per ounce. Then, the difference in the middle is his profit. If you want to buy gold, you can buy it at $945.5. If you want to sell gold, you can only sell it for 945.0 dollars.

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