Share one of the simplest and most effective, tried and tested——#PAXG trading techniques for gold!
In our long-term Bitcoin trading, we often directly and simply use whether the MA120 has broken down or whether it has broken through, to determine whether to buy on a breakout or sell on a breakdown. This is very simple and usually quite effective; you just need to control your actions and operate according to the trading system.
As for gold trading, it can usually also be assisted by a very simple trading indicator——Bollinger Bands.
The Bollinger Bands indicator is relatively applicable to gold because, based on past historical data, whenever it goes below the lower band, it indicates that gold is generally undervalued. You just need to patiently wait for it to return to the upper band to take profit.
After the upper band of the Bollinger Bands, there usually isn't much space for going long.
Therefore, using this simplest judgment criterion can actually avoid many unnecessary erroneous actions, which could lead to significant drawdowns.
Personal sharing, those interested in gold trading are welcome to follow Sister Bi to discuss and grow together! #黄金行情 #
In our long-term Bitcoin trading, we often directly and simply use whether the MA120 has broken down or whether it has broken through, to determine whether to buy on a breakout or sell on a breakdown. This is very simple and usually quite effective; you just need to control your actions and operate according to the trading system.
As for gold trading, it can usually also be assisted by a very simple trading indicator——Bollinger Bands.
The Bollinger Bands indicator is relatively applicable to gold because, based on past historical data, whenever it goes below the lower band, it indicates that gold is generally undervalued. You just need to patiently wait for it to return to the upper band to take profit.
After the upper band of the Bollinger Bands, there usually isn't much space for going long.
Therefore, using this simplest judgment criterion can actually avoid many unnecessary erroneous actions, which could lead to significant drawdowns.
Personal sharing, those interested in gold trading are welcome to follow Sister Bi to discuss and grow together! #黄金行情 #