The first is the principle of quick decision.
Short-term gold trading ranges from a few hours to a day or two, pursuing short-term fluctuations. You can't procrastinate and hesitate. If you find an opportunity to enter the venue, you must make a decisive attack and place an order quickly. After a certain profit, leave quickly and take profits. Don't wait, don't hesitate, don't wander. Short-term gold trading is afraid of sleeping. In recent years, due to many uncertainties in the world economy, there may be big fluctuations in Asia during the day. Short-term gold trading is to be steady, accurate, fast and ruthless, seize the opportunity, make a quick decision, fast forward and fast out. There is a certain income, that is, it is safe to leave the bag as soon as possible. After earning a wave of income, continue to plan the next round of trading opportunities.
The second is short-level graphic analysis.
Since it is the secret of gold short-term trading, naturally our focus is on short-term, so the observed market chart should also be based on a smaller level. Generally, the 4-hour level or even the 1 hour level will have a greater effect. Of course, the long-term running trend should also be roughly grasped. In the process of analyzing the short-term market chart, we can mainly use some sensitive and quick-response technical indicators, such as short-term moving average group, KDJ index and key positions of the top and bottom, etc.
The third is to try not to spend the night.
Short-term gold trading should not be overnight as far as possible, because international spot gold has the cost of holding positions overnight, which is calculated on a daily basis. If you place an order on Friday and don't close your position on the weekend, you will have to bear the overnight fee for three days until next Monday, which will obviously increase your transaction cost. It's best to find an opportunity to close your position before the market closes on Saturday morning. As long as there is room for profit, the profit will be settled. At the same time, multi-day positions will also have new risks and uncertainties, which are likely to lead to your losses. Therefore, to avoid sleeping, it is recommended not to hold positions overnight.
The fourth is the principle of taking advantage of the trend.
Don't be an enemy of the trend at any time, and pay attention to this principle in short-term gold trading. Maybe not everyone can accurately predict the market, but we can closely follow the market trend on the basis of market judgment and research, and then make a decision.
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* Any investment method has certain risks, and investors should choose financial products suitable for their own risk assessment level. The above suggestions are for reference only and do not constitute any investment suggestions.