Gold trading terms
Open position: In futures trading there are usually two ways of operation, one is bullish market to do long , the other is bearish market to do short . Whether long or short, the order to buy and sell is called "open position".
Close: buy and then sell or sell and then buy, the settlement of the original made a new single.
Short: Believe that the price will rise and buy futures contracts called "short" or "long", also known as long trades.
Short selling: bearish prices and sell futures contracts called "short selling" or "short", also known as short trades.
Stop Loss: Closing a position and recognizing the loss.
Stop-Win: A pullback of a winning position to a certain price level and then closing the position to secure a profit.
Opening price: the first transaction of the day or the success of the pooled bidding price.
Closing price: the last transaction of the day or the average price of multiple transactions.
The highest plate price: the day's highest transaction price.
Lowest price: the day's lowest price.
Trend: market prices over a period of time in the same direction of movement, that is, the trend.
Consolidation: market prices fluctuate within a limited range.
Pressure point, pressure line: price in the process of rising, encountered a high point to stop rising or fall back, this point known as the pressure point .
Support point, support line: price in the process of falling, encounter a low point to stop falling or rebound, this point is called the support point .
Breakthrough: the price of gold rushed through the rising trend line or other key technical and psychological points
Breakdown: the price fell below the downtrend line or other key technical and psychological points.
Overbought: refers to the assumption that the market capacity is unchanged, the market price continued to rise to a certain height, the buyer's power is basically exhausted, the price is about to fall.
Oversold: The assumption that the market capacity remains unchanged, the market price continues to fall to a certain low point, the seller's power is basically exhausted, the price is about to rise.
Interest: An order that remains open until the next day's settlement time will incur overnight interest.
Volume: Volume refers to a time unit of a transaction on the number of transactions, usually refers to the "daily volume. Spread The difference between the bid and ask prices. The spread is a transaction fee payable by the client and is a source of revenue for the firm.
