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Gold, have the cow lost?

Wonderful introduction:

Walk out of the thorns, there is a bright road covered with flowers; when you reach the top of the mountain, you will see the cloudy mountain scenery like green clouds. In this world, a star falls and cannot dim the starry sky, a flower withers and cannot desolate the whole spring.

Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Gold, has the bull lost?" Hope it will be helpful to you! The original content is as follows:

The gold market in the past two months looks quite volatile, and it takes some effort to trade, the rise and fall do not continue, and the switching frequency is also very high. If you have a little greed, you will return to your original shape.

A friend joked: It's been two months, but when I look back, the gold price is still the same, but the money is gone. This is the biggest feature of the volatile market. Instead, you can hold on without stop loss. As long as the position is not bad, you can basically wait for it.

There is an old saying: Novice are afraid of one-sidedness, and veterans are afraid of shock. A novice fearless person depends on courage and courage. As long as there is fluctuation, he dares to rush in. Life creed: the bigger the wind and waves, the more expensive the fish is. After placing an order, you should focus on the K-line jump, set up a stop loss, close the position at any time and turn the direction. At worst, you can hold on to the main player and don’t believe in evil, and the volatile market will cause little loss.

The veteran has experienced the market beating and has been educated to lose his personality. When he heard that he did not set a stop loss in a transaction, he felt cold sweat. He thought that he was also a "dragon slaying boy" who was not afraid of. He did not carry back several waves of unilateralism. He went from "making money" to "returning money" now. He was careful when he did every order, and he was walking on thin ice. He kept muttering in his heart: Boy, don't be impulsive, if you see it correctly, you have to go to the poker table.

I have said that all traders will go through three stages:

Stage 1: Don’t be afraid, because of ignorance, don’t mention any technical indicators, K-line patterns, prefecture-level risks, and monetary policy. Just say directly: Where is the side of Soha? , do not believe in God, do not believe in people, and do not believe in evil.

Stage 2: Fear. After a period of time, I found that the market seemed regular and irregular. Every time I couldn't stand it and left the market, the market peaked. Every time I couldn't stand it and found that I could get it back with another one. Once a big one-sided, a sudden surge and plummet, because I didn't set it up.The stop loss was instantly packed and taken away, and I slowly began to respect the market. It was not right, it was not awe, it was fear.

Stage 3: Don’t be afraid. At this stage, I have advanced to the level of a master. I have understood the uncertainty of the market, and I have also understood the limitations of my own cognition. I have understood the basics of the impact of market sentiment. I have also traded my own system. I no longer change emotions due to market fluctuations. I am as stable as an old dog waiting for my own trading opportunities. I will not do the market that I cannot understand, and I will not regret if I don’t catch it. I will only take one scoop of three thousand.

So, trading is not just about mastering methods and techniques, but more importantly, self-cultivation, reflection and reconstruction of one's own cognition, understanding how to manage positions, how to avoid risks, wait patiently without rushing or impatiently, reducing the frequency of trading, no longer regretting the market that has not been grasped, accepting the good and bad in trading, constantly reviewing and thinking, and making yourself more mature, more stable, more calm and calm little by little.

Okay, let’s talk about the gold market today:

On Tuesday, the gold price continued the decline on Monday and fell to $3,295, breaking through the key support point of $3,300. Such a decline caused the market’s original bullish sentiment to collapse instantly. The fierce rise of gold prices to $3,450 a few days ago has now been exhausted.

In addition, this morning did not continue to decline, but rebounded slowly. The morning's starting point was supported at $3,320. It was not lost here, so you still can't hurry to short gold. The frequency of long-short switching in the past few days is very fast. Being bearish yesterday does not mean that you have to short today. If you meet the short conditions, consider it.

The support was $3320 this morning. If you want to short, you still have to wait for the break here. This is not a one-sided weak downward trend, but an oscillating decline. The above pressure area is focused on the range of 3345-50, but you should also pay attention to the loss of the 3320 support position. Once the break here, you should consider following short.

Today, I think that if you look upward with 3320, you should first look upward, and the pressure above is focused on the range of 3345-50. Today, only if you lose 3320, you will consider rebound short, and then see 3300- or even 3385-80 downward, provided that 3320 must break the level.

The above content is all about "[XM Forex Platform]: Gold, has the bull lost?" It was carefully eouu.cnpiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!

Every successful person has a beginning. Only by having the courage to start can you find the way to success. Read the next article now!

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Trusted by over 15 Million Traders

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market news

Gold, have the cow lost?

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XM Forex Trading Platform

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The Most Awarded Broker
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