2. Look at the trend. The second step is to look at the trend, refer to the daily K-line, weekly K-line or monthly line, and analyze the long-term factors affecting gold, so as to judge whether gold is rising or falling in a period of time. If you don't look at the trend first, chasing up and down can only leave miserably. After the trend is judged, you can set a general operational goal. If it is on the rise now, you should buy on dips, not against the market. If you are in a downward trend now, it is recommended to short rallies. It can be said that judging a good trend is half right.
3. Look at the key points. After the trend is optimistic, you can't rush into the market. You should choose a good point first, otherwise it will be easily eliminated by the market. Gold, for example, has been rising, but many people who do more still lose money. Why? Because the starting point is not chosen.
4. choose the timing. Gold has its own rules. Generally, February-April is the off-season of gold, so you can short on rallies. From May to September, there were many volatile markets, with a certain increase in the middle. It is very important to throw high and suck low. The second half of the year is mostly the peak season for gold consumption, so you can find a relatively low level and do more for a long time. By the end of the year, you should have a considerable profit.
5. Set a reasonable stop loss and take profit. Generally speaking, the stop loss is at least 2 or 3 times of the stop loss, so as to ensure that the loss is always less than the profit.