The London gold market is a highly liquid market, and its price trend will fluctuate repeatedly up and down under the influence of many factors. If investors can find certain patterns in these high and low trends, they can enter the market at a relatively favorable time. and exit, you can accumulate a lot of wealth through continuous trading.
Like other investment markets, the trend is the friend of London gold investors, but investors should also pay attention to the fact that even if the market trend is generally upward, it does not mean that it will keep going up. Under normal circumstances, the price of gold will show a cyclical trend. It fluctuates up and down regularly, and the fluctuation range may be relatively large.
If investors firmly believe in the power of the trend and believe that the market will continue to move upwards driven by certain factors, they will not be afraid of some midway corrections, or even short-term deep V corrections. Only investors who do this can You can truly get the most bang for your buck.
Many investors are obsessed with analyzing gold price trends, but trading is actually a game with their own human nature. The core principle of trend investing is to grasp the direction. As long as the direction is correct, profits will only come late and will not be absent.
Mature London gold investors do not pay much attention to short-term market fluctuations. They focus on trends and the driving forces behind them. After they choose the basic trading direction, they will hold it for a relatively long period of time. Finally, when the power of the long or short positions is exhausted, they will choose to close the position and leave the market. In contrast, those immature London gold investors often make trading decisions based on the fluctuation or profit and loss of their own accounts.