Gold will continue to rise as the war continues
Updated
The market's fluctuation range after yesterday, October 16, seems to be a sideways wave and a slight recovery to the 1900 area to wait for the next trend of the war situation. You can consider buying and selling support and resistance areas according to technical analysis.
✅✅Supports to note:
👉1910-1908: Thin support during the day, you can consider BUY upside if the price model should press up above M5 and M15 corresponding to the volume in the area and RSI around 30 pouring down. But I think this area is likely to only be able to take wave 1, then the possibility of breaking to the lower support area is higher.
👉1903-1901: The most important support today, you need to pay attention to to be able to BUY. Note that you should consider the M15 frame.
✅✅Resistance areas to note:
👉1922-1924: If the resistance rises again, you should just surf, not hold
👉1934-1934: key resistance for the Break out direction. However, according to my personal assessment, you must pay close attention to this area. If the candlestick presses up, you should ignore it and go with a small volume for BUY, which is better because if you go back up to the area, At this point, the market may have an upswing. After going up or down again, you must use Trailing stop to handle it safely.
💞💞WISH EVERYONE A PROSPER TRADING!!!
📌 THERE IS A LOT OF NEWS TODAY, ATTENTION AT 7:30 PM THERE IS NEWS RELATED TO USD 💵
📌 The gold holdings of SPDR Gold Trust, the world's largest gold ETF, decreased by 6.92 tons from the previous day and the current holdings are 855.45 tons. The gold holdings of SPDR Gold Trust, the world's largest gold ETF, decreased by 6.92 tons from the previous day and the current holdings are 855.45 tons 💵
✅✅Supports to note:
👉1910-1908: Thin support during the day, you can consider BUY upside if the price model should press up above M5 and M15 corresponding to the volume in the area and RSI around 30 pouring down. But I think this area is likely to only be able to take wave 1, then the possibility of breaking to the lower support area is higher.
👉1903-1901: The most important support today, you need to pay attention to to be able to BUY. Note that you should consider the M15 frame.
✅✅Resistance areas to note:
👉1922-1924: If the resistance rises again, you should just surf, not hold
👉1934-1934: key resistance for the Break out direction. However, according to my personal assessment, you must pay close attention to this area. If the candlestick presses up, you should ignore it and go with a small volume for BUY, which is better because if you go back up to the area, At this point, the market may have an upswing. After going up or down again, you must use Trailing stop to handle it safely.
💞💞WISH EVERYONE A PROSPER TRADING!!!
📌 THERE IS A LOT OF NEWS TODAY, ATTENTION AT 7:30 PM THERE IS NEWS RELATED TO USD 💵
📌 The gold holdings of SPDR Gold Trust, the world's largest gold ETF, decreased by 6.92 tons from the previous day and the current holdings are 855.45 tons. The gold holdings of SPDR Gold Trust, the world's largest gold ETF, decreased by 6.92 tons from the previous day and the current holdings are 855.45 tons 💵
Note
Look at my predictions yesterday, gold has grown with absolute accuracy, it's amazing
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