I. Market analysis
Before trading in gold, we need to make an accurate analysis of the market in order to make correct decisions in trading. Market analysis includes fundamental analysis and technical analysis.
1. Fundamental analysis
Fundamental analysis is a method to predict market trends by analyzing economic, political and social factors. When conducting fundamental analysis, we need to pay attention to the following aspects:
(1) Economic data: including domestic and foreign data such as GDP, inflation rate and unemployment rate, which reflect the overall situation of the economy and have great influence on the price of gold.
(2) Political factors: including international relations and policy changes. These factors also have a certain impact on the price of gold.
(3) Geopolitical risks: including wars and terrorist attacks. These factors will increase the instability of the market and push up the price of gold.
2. Technical analysis
Technical analysis is a method to predict the future market trend by analyzing the historical data of market trend. When conducting technical analysis, we need to pay attention to the following aspects:
(1) Trend line: Determine the trend of the market by connecting the peaks or valleys of the market.
(2) Support level and resistance level: Support level refers to the position where buying will enter after the market falls to a certain extent; Resistance level refers to the position where the selling will enter after the market rises to a certain extent.
(3) Form analysis: By analyzing various forms in the market, the market trend is predicted.
Second, the robust operation steps
When trading gold, it is necessary to work out stable operation steps according to the results of market analysis. The following are the recommended steps for gold trading:
1. Determine the trading strategy
Before trading, we need to determine the trading strategy according to the results of market analysis. Trading strategies include buying strategies and selling strategies. When formulating trading strategies, the following factors need to be considered:
(1) Market trend: If the market is in an upward trend, you can take a long strategy; If the market is in a downward trend, you can take a short strategy.
(2) Stop-loss and profit-taking: Stop-loss and profit-taking points need to be set when trading, so as to leave in time when the market is unfavorable and avoid losses.
(3) Position management: When trading, it is necessary to reasonably control positions to avoid excessive leverage and excessive trading.
2. Entry and exit
After determining the trading strategy, it is necessary to enter and exit in time according to the market trend. When entering the site, you should pay attention to the following aspects:
(1) Entry point: Enter the market when there is an obvious buying signal, and do not blindly follow the trend.
(2) Position control: When entering the market, it is necessary to control the position reasonably to avoid excessive leverage and excessive trading.
(3) Stop-loss and profit-taking: Stop-loss and profit-taking points should be set when entering the market, so as to leave the market in time when the market is unfavorable and avoid losses.
When leaving a job, you should pay attention to the following aspects:
(1) departure point: leave when there is an obvious selling signal to avoid the loss caused by greed.
(2) Stop loss and take profit: When you leave, you need to leave in time according to the stop loss and take profit to avoid losses.
(3) Position control: When leaving the market, it is necessary to control the position reasonably to avoid excessive leverage and excessive trading.
3. Risk control
When trading gold, we need to pay attention to risk control to avoid losses caused by blindly following the trend or greed. The following are the risk control methods we recommend:
(1) Control positions reasonably to avoid excessive leverage and excessive trading.
(2) Set stop-loss and profit-taking points, and leave in time to avoid losses.
(3) Abide by the trading strategy and avoid blindly following the trend and greed leading to losses.