Is it good to invest in spot gold in the short term or in the long term?
Spot gold can only be used as a platform for foreign countries and Hong Kong. At present, there are only paper gold and gold extension of Shanghai Gold Exchange in China. These two kinds of gold have small fluctuations and low returns, so it is not recommended to do them. To make gold, we must first choose a formal platform. As for whether you want to do it in the short term or in the long term, I personally prefer to do it in the long term. Find a suitable entry point, don't look after it is done, don't worry, set a stop loss, and the rest depends on luck, such as the gold daily chart. Last June, gold was around 1 1200, and now it has risen to 1320, an increase of 120 USD. If you make gold, you can earn 12000 dollars. In a few months, this wine will have no profit at all, and it can only be short-term when the market fluctuates. It is better to be short-term than long-term If you have more time, you can do long-term when you have long-term opportunities and short-term when the market fluctuates. The combination of the two can make your income higher.