XAUUSD: 30/10 Market Analysis and Strategy Today
Technical analysis of gold
Daily resistance 2800, support below 2725
Four-hour resistance 2800, support below 2770
Gold operation suggestions: Yesterday's short-term retracement was to accumulate momentum for the rise. Yesterday, the technical side of gold repeatedly fluctuated and sawed, and finally ushered in a bullish breakthrough and strengthening. In the evening, the US market accelerated and stood firmly at the previous high of 2758 and continued to rise to 2770 and closed strongly. The overall gold price hit a new historical high again, and the daily level technical indicators continued to maintain a bullish arrangement and diverge upward. Today, we still mainly follow the trend to step back and do more, supplemented by shorting, but don't chase more at high prices, wait for the market to stabilize and find opportunities to enter the market. This week is a non-agricultural data week, and the market will fluctuate greatly.
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2764-70 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and move less and chase orders cautiously, and wait patiently for key points to enter the market.
BUY:2764near SL:2760
BUY:2750near SL:2747
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Daily resistance 2800, support below 2725
Four-hour resistance 2800, support below 2770
Gold operation suggestions: Yesterday's short-term retracement was to accumulate momentum for the rise. Yesterday, the technical side of gold repeatedly fluctuated and sawed, and finally ushered in a bullish breakthrough and strengthening. In the evening, the US market accelerated and stood firmly at the previous high of 2758 and continued to rise to 2770 and closed strongly. The overall gold price hit a new historical high again, and the daily level technical indicators continued to maintain a bullish arrangement and diverge upward. Today, we still mainly follow the trend to step back and do more, supplemented by shorting, but don't chase more at high prices, wait for the market to stabilize and find opportunities to enter the market. This week is a non-agricultural data week, and the market will fluctuate greatly.
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2764-70 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and move less and chase orders cautiously, and wait patiently for key points to enter the market.
BUY:2764near SL:2760
BUY:2750near SL:2747
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
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