Investors who have some experience in London gold investment know that during the non-agricultural period, the London gold market will fluctuate greatly, so how can we grasp these fluctuations? The answer is difficult. However, some investors have invented a method of two-way pending orders through years of practice, and I would like to share with you here.
Non-agricultural employment, the full name is the seasonally adjusted non-agricultural employment population in the United States. It is an employment data released by the U.S. Bureau of Labor Statistics based on the changes in the employment population of non-agricultural population in the past month. Since the non-agricultural data reflects the growth of the U.S. economy, under normal circumstances, the non-agricultural data is good, indicating that the U.S. economy has grown, and the dollar will be boosted, which is negative for London gold prices; if the non-agricultural data is lower than expected, then It shows that the U.S. economic growth is slow or depressed, which is bad for the dollar, and the price of London gold may rise sharply. The so-called two-way pending order takes advantage of this principle.
The non-agricultural data is released on the first Friday of each month. Because the non-agricultural data brings about huge fluctuations in the London gold market, if we catch it, the benefits it brings are also very optimistic, so it is deeply invested favored by those. However, high returns are accompanied by high risks, and investors will inevitably encounter risks if they operate improperly on non-agricultural nights. Next, let's go directly to the link of how to place two-way orders.
Since the market fluctuates violently within a few minutes of the release of non-agricultural data, it is best to place two-way pending orders before the release of the data. Near the current London gold market quotation, place a long order at the top, and place an empty order with the same lot size at the bottom. After the data is released, investors need to pay close attention to the fluctuation trend of London gold. When the price of gold goes out of the market and tilts in one direction, it is very likely that one of the pending orders will be completed. At this time, investors will immediately cancel the unexecuted orders.
In the process of London gold two-way pending order, stop loss must also be carried. Due to the rapid fluctuation of the non-agricultural market, in order to avoid risks and prevent profit-taking, we must set a good stop profit and stop loss. When the London gold price fluctuates into a unilateral market, the order will have a profit opportunity, and the position will be automatically closed to make a profit when it touches the take-profit position; at the same time, the stop loss is strictly set to prevent repeated market fluctuations and control the loss to a certain extent within the affordable price range.
It should be noted that during the non-agricultural period, London gold will fluctuate greatly, so it is very likely that this method will also cause losses, so you must pay attention to risks when applying it. I hope the above content will be helpful to investors.