To grasp the timing of trading in the weekly gold price trend chart, the first task is to conduct an overall evaluation and analyze the market, and then wait for the opportunity to mature.
Due to the margin system implemented in the gold market, price fluctuations appear more volatile than other markets, making timing particularly important. Although timing is...
The monthly nonfarm payroll data is coming soon. Do you know how it will affect gold prices?
The "nonfarm" data is released by the US Department of Labor on the first Friday of each month. It consists of three values: nonfarm employment, employment rate, and unemployment rate, which reflect the development and growth of the manufacturing and service industries....
Gold is a precious metal trading derivative product originated in London, but it has now become popular worldwide. How to use the 24-hour gold price chart for trading?
In addition to its high leverage and high yield characteristics, the 24-hour trading time is also an important product highlight. The significant fluctuation of international gold prices...
An investment field where one opportunity is enough to change one's destiny!
A market that works miracles every day!
Entering the new century, foreign exchange, an investment tool with infinite charm, is attracting the attention of more and more people. This market full of opportunities and challenges is changing our destiny all the time, so much so that it is...
Stop loss is a necessary means to control risk, and using a good stop loss point is the only way for investors to win.
There are two types of methods for setting the stop loss point: the first type is a regular stop loss, that is, when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or...
Given that no matter what market conditions may be, there will always be friends who find themselves trapped in a position, here are several methods for unlocking these positions:
Long-term unlocking: If an investor has a clear view of the big trend (such as a bullish market), and their position is trapped in a small trend (a dip in the market), they can first...
1. Simple judgment of support and resistance:
Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward...
Here we will use the United States as an example since it is a major world economy with significant influence and weight.
Point 1: Release of important data
For instance, the release of US non-farm payroll (NFP), employment data (ADP), initial jobless claims, CPI, GDP, PMI, etc. all have varying degrees of impact on the price of gold.
Often, the release of...
Nonfarm payroll (NFP) is a monthly report that provides information on the number of jobs added or lost in the United States (excluding agricultural jobs) in the previous month. The report is released by the U.S. Bureau of Labor Statistics on the first Friday of each month and is considered one of the most important economic indicators for the U.S....
