How to use the position of K line to judge the trend of gold price?
1. Judge the general trend and look at the long-term chart, such as weekly K chart and monthly K chart. When weekly K chart and monthly K chart are at a high level, the overall price risk of gold is higher, and pay attention to the light position. When the weekly k-chart and monthly k-chart are at a low level, the overall price risk of gold is smaller. When buying, you can combine short charts (5-minute k-chart, 15 minute k-chart, 30 minute k-chart, 60 minute k-chart, and daily k-chart) to find low intervention. The same is true for selling. Therefore, gold seems to have opportunities every day, but in fact, the big opportunity is to come back every time.
2. Moving average, including 5-day average, 10 day average, 20, 30, 60, 120, 250 day average, you can also set your own date, such as 14, 25.
The turning of the long-term moving average is often regarded as a turn. Because, in a few days, the paper gold price can be done, but the long-term moving average is not easy to do, therefore, the long-term moving average trend is often the trend of the market.