How to grasp the trend in this market? It is to follow the trend. When the trend comes, the invisible force is pushing you forward. To gain profit and income in the gold and foreign exchange markets, this is particularly important. What is the secret to making profits? The answer is simple and also the most overlooked and precious thing that is free, just like...
Firstly, the demand for gold commodities affects the price. In addition to its use as a daily decorative item, gold plays an important role in industry, occupying an irreplaceable position in industries such as dentistry, electronics, and others. As a hedge tool, the price of gold is influenced by demand, and the supply and demand relationship directly affects...
On the daily chart, gold has been experiencing divergence between volume and price, with continuous downward movement. Bullish momentum has been building up, but has not been fully released. In the last two trading days, the MACD momentum bar has further contracted in the bearish territory, indicating a potential release of bullish momentum. Additionally, the MACD...
Bitcoin is showing a divergence between volume and price on the hourly chart, which is a relatively reliable signal. Therefore, we can boldly go short with a target in the range of 22900-22700. If you have entered a short position, wait for the profit-taking point. When the time comes, we will consider entering a long position. Follow me and you will find...
The head and shoulders pattern has formed, with the US dollar maintaining its strength, indicating that bearish momentum is inevitable for the Australian dollar The January core inflation data, including CPI , PPI and retail sales, all rebounded. Combined with the wage data in the non-agricultural employment report, it shows that US inflation has rebounded in...
The GBP/USD rebounded 80 points during Wednesday's Asian session but then fell back after the European market opened. The previous rise may have been due to improved risk appetite, as better-than-expected Chinese manufacturing data boosted market optimism. However, it remains to be seen whether this situation will continue and needs to be closely monitored. Data...
1.The essence of trading games is constantly seeking the optimal strategy in a dynamic and changing environment. 2.The essence of trading is a group game. To trace it back, it is about constantly evaluating the amount and inclination of potential buyers outside the market, against the amount and inclination of chips held inside the market. Buy when the former is...
To begin with, let's dampen the spirits of short-term enthusiasts who are new to the market. The success rate of purely candlestick chart technical analysis or chasing the leading stocks based on a simple "follow the trend" strategy is around 45%. This is akin to gambling at a casino in Macau and is likely to erode your capital. Short-term trading is a...