There are three kinds of software commonly used in the market: MT4, MT5 and GTS. Judging from their actual market performance, MT4 stands out with its excellent performance, becoming an important partner of people's spot gold financial management, and also providing a rich and comprehensive spot gold trend chart.
When interpreting the trend, we should pay more attention to the following three indicators: MACD, KDJ and Bollinger Band.
1, MACD indicator
This is a combination of two lines and one column, the fast line is DIF, the slow line is DEA, and the histogram is MACD, which can be used to analyze the equilibrium point of buyers and sellers in the state of gold price rising or falling. Investors can also fully judge the future development of the gold market.
Note: MACD above 0 axis represents bullish power, and below 0 axis represents bearish power, which is more suitable for unilateral market.
2.KDJ indicator
The phenomenon of overbought and oversold is mainly reflected by the real amplitude of price fluctuation, which is mainly used to show the potential market of gold investment more clearly, and is usually suitable for volatile market.
Note: A range with a Kdj index of 50 or above is a long market, and a range with a KDJ index of 50 or below is a short market.
3. Bollinger Band Index
It consists of three track lines, of which the upper and lower lines can be regarded as the pressure line and the support line of the price respectively, and there is an average price line between the two lines. Generally, the price line runs in a belt-shaped interval composed of upper and lower tracks, and the position of the track is automatically adjusted with the change of price.
Note: In the unilateral market, the upper rail of the bollinger Band is the pressure line and the lower rail of the bollinger Band is the support line. If it is in a volatile market, the middle rail of the bollinger band is the average price line in the volatile market.