Answers to professional terminology of spot gold and silver
Bull market: refers to the market trend, with prices rising steadily. Generally, it refers to a rise that lasts for a relatively long time. A rise of three to five days is not considered a bull market.
Bear market: The price continues to fall, which also refers to a relatively long period of decline.
Deer Market: The market direction is not obvious, jumping around like a deer, making it difficult for people to understand.
Monkey market: The price jumps up and down irregularly, and the amplitude is relatively large. This kind of market is very risky.
Cowhide market: The trend fluctuates little, falling into consolidation, and the transaction volume is low.
1. Opening price: the first transaction of the day or the successful call auction transaction price
2. Closing price: the last transaction of the day or the average of multiple transaction prices Price
3. Highest price: the highest transaction price of the day
4. Lowest price: the lowest transaction price of the day
5. Long position: in a Investors who are bullish on the rise within a time period
6. Short: Investors who are bullish on the fall within a time period
7. Open high: Today's opening price is above yesterday's closing price
8. Open level: today’s opening price is the same as yesterday’s closing price
9. Open low: today’s opening price is below yesterday’s closing price
10. Hold on : After buying gold, the price falls and you cannot sell it at a profit
11. Trend: The market price moves in the same direction for a period of time, which is a trend
12. Rising trend : The market price keeps moving towards new high prices within a period of time
13. Downtrend: The market price keeps moving towards new low prices over a period of time
14. Consolidation: Market The price fluctuates within a limited range
15. Pressure point, pressure line: During the rise, the price stops rising or falling after hitting a certain high point (or line). This point (or line) ) is called a pressure point (or line)
16. Support point, support line: During the decline, the price stops falling or rising after hitting a certain low point (or line). This point (or line) is called a support point (or line)
17. Breakthrough: the price breaks through the upward trend line or other key technical and psychological points
18. Breakthrough: the price falls below Downtrend line or other key technical and psychological points
19. Reversal: The price moves in the opposite direction of the original trend and triggers a larger market. Divided into upward reversal and downward reversal
20. Bottoming: the process of seeking the lowest point of the price. After the bottoming is successful, the price starts to rise from the lowest point
21. Bottom: The lowest part of the medium and long-term trend line of price
22. Head: the highest part of the medium and long-term trend line of price
23. High price zone: the end of the bull market, which is the short and medium term The best selling point for investment
24. Low price zone: the early stage of the bull market. This is the best buying point for short- and medium-term investment
25. Strong buying: buyers in market transactions The desire is strong, causing the price to rise
26. Heavy selling pressure: Sellers compete to sell in market transactions, causing the price to fall
27. Deception: The main force or large investors take advantage of market psychology, Playing tricks on the trend line makes retail investors make wrong decisions
28. Overbought: It means that assuming that the market capacity remains unchanged, the market price continues to rise to a certain height, the buyer's power is basically strong, and the price is about to Fall
29. Oversold: It means that assuming that the market capacity remains unchanged, the market price continues to fall to a certain low, the seller's power is basically strong, and the price is about to rise
30 retracement It refers to the phenomenon that prices temporarily fall back due to excessive rise during the rising process.
31 Long position The position held after buying the contract is called a long position, or "long" for short. It means that you have to pay the full amount of money in the future and get physical gold.
32 Short position The position held after selling the contract is called a short position, or "short position" for short. It means that in the future, gold will be paid in kind to obtain funds.
33 The gap market is stimulated by strong "good" or "bad" news, and the price begins to jump sharply. When it rises, when the opening or lowest price of the day is higher than the closing price of the previous day, it is called "upward jump". "Short"; when the opening or highest price of the day is lower than the closing price of the previous day, it is called "downward gap".
34 gold margin trading: refers to the gold trading business, investors do not need to transfer the full amount of gold traded, only need to pay a certain proportion of the total gold transaction price as physical gold Performance guarantee upon delivery. In current world gold trading, there are both gold futures margin trading and gold spot margin trading.
35 position: It is a market agreement, that is, the number of contracts to buy or sell without hedging.
Source: Huitong Foreign Exchange Forum