Investors often say that the London gold market trend chart always goes up and down, and they are not sure about its ups and downs, and they are always dizzy by it. In fact, there are many ways to look at the London gold market trend chart, the most direct one is to use technical indicators. Technical indicators are originally designed by investors to avoid disturbing price fluctuations on the London gold market chart. Next, let's talk about how to use the London gold market trend chart.
moving average
Moving average, referred to as moving average, also called MA, is one of the most commonly used and best technical indicators. The principle of MA is to average the quotations in each period to find the trend value. For example, in the daily chart, the MA5 line is the average of the closing prices on the daily line of the previous 5 days and is connected into a line. The MA10 is the average of the closing prices of gold prices on the 10th day. analogy. In the London gold market trend chart, MA can indicate the market trend for us.
As shown in the figure above, the MAs of each cycle such as MA5 and MA10 are all sloping upwards, which indicates that the market is in an upward trend. Conversely, if the MAs are all sloping downwards, it is a downtrend. If the MAs of each period are entangled together, it is a consolidation range and a state of no trend.
MACD
MACD is also one of the most popular technical indicators in the market. We will not introduce too much about the principle and composition of MACD. Using MACD, we mainly buy with golden crosses and sell with dead crosses.
It is also an example of the MA long arrangement just now. The golden cross (blue arrow) of MACD here provides us with a trading opportunity to buy and do long. It is more secure to cooperate with the long trend indicated by MA; while the red arrow points to It is a dead cross, which means that the market may usher in a short-selling opportunity.