How to interpret the gap in the gold futures market?
The gap is caused by the gap between China gold market and developed gold market. The pricing power of the world gold price is mainly determined by the new york gold futures market, which determines that the China gold futures price has temporarily become the "shadow price" of the international gold price. New york Metal Exchange (Comex) is the largest gold futures trading market in the world, and it is the benchmark of world gold price pricing. Once the price of new york gold futures fluctuates greatly, the China gold futures market will inevitably react greatly, which is also the key reason for a large number of gaps in the daily K-line chart of China gold futures market. Specifically, the Comex gold futures market opens at around 9 pm Beijing time and closes at around 3: 30 am the next day Beijing time. The price of Comex gold futures basically determines the daily price of the world gold market. When China investors opened at 9: 00 the next morning, they placed orders mainly based on the rise and fall of the closing price in the United States, which directly determined the opening tone of domestic gold futures. Countermeasures Investors can take some measures to avoid or reduce the risk loss caused by the gap of gold futures. 1. Pay attention to the trend of new york gold futures and grasp various factors that affect the price trend of Comex gold futures. Specifically, investors can judge the price trend of domestic gold futures on the same day according to the trend, opening price and closing price of the main contract of Comex gold futures the night before, and then convert the domestic gold futures price and the international gold price. On this basis, they can judge the price trend of domestic gold futures on that day according to the premium and discount situation of domestic and foreign gold futures. The second is to be cautious about overnight positions. Overnight position is a double-edged sword. Grasping the right direction is naturally good, but the wrong direction may make investors lose all their money. For gold futures, there are a lot of important data and events released during the trading hours in the United States (at night in China), and these data and events often play an important role in the trend of gold prices. Once the price of gold in new york fluctuates slightly, there will be a big gap in domestic gold futures. Therefore, unless it is in the medium and long term, investors need to hold positions cautiously overnight, especially every other week, which is especially important for investors with small funds. The third is to strictly control positions. Investors should not invest more than half of the total funds in the market, and the remaining half should be used when the transaction is not smooth or temporarily used. Generally speaking, investors need to set the ratio between 25% and 50%, and the specific ratio depends on investors' risk preference. For the investment in gold futures, due to the existence of a large number of gaps, we suggest that the proportion should be controlled as much as possible within 30%. The fourth is to set the stop loss position reasonably. In the process of stop loss, we not only need to stop loss according to the low and high technical points of domestic gold futures, but also need to refer to the corresponding new york gold futures price and set the stop loss position after the domestic and international gold prices are converted.