XAUUSD - today was a quiet day with no big news
According to my personal opinion, the market on October 25, 2023:
After 55 important rhythms like yesterday and a sustained wave of around 7 times, which is more than 2/3 of the recovery wave, the rising wave is likely to continue throughout the day. Trading plan: “Buy and wait until you buy” still applies. Need to be aware of support milestones
Although the support from 1973 to 1970 is thin, it still has a good Fomo value for him, which is noticeable in small volume trades and scalping. If you want to raise it, actively move the SL. Yesterday's 64-61 vote provoked only a mild reaction, but is still reference territory. The level of support can be said to be quite good as this is the second conversion. The 55-53 support remains important support, but unless there is news that continues to put pressure on gold prices, a return here is highly unlikely. Resistance to note-taking can trigger important reactions such as:
91-93 resistance is low, but there is still a possibility of reaction. If you see a break in a solid candlestick position, you may want to consider a stop order. Resistor 98-01 is an indexed cyclic resistance. He was tested once on October 20th, so there is still a chance he will be surfing in the second test.
After 55 important rhythms like yesterday and a sustained wave of around 7 times, which is more than 2/3 of the recovery wave, the rising wave is likely to continue throughout the day. Trading plan: “Buy and wait until you buy” still applies. Need to be aware of support milestones
Although the support from 1973 to 1970 is thin, it still has a good Fomo value for him, which is noticeable in small volume trades and scalping. If you want to raise it, actively move the SL. Yesterday's 64-61 vote provoked only a mild reaction, but is still reference territory. The level of support can be said to be quite good as this is the second conversion. The 55-53 support remains important support, but unless there is news that continues to put pressure on gold prices, a return here is highly unlikely. Resistance to note-taking can trigger important reactions such as:
91-93 resistance is low, but there is still a possibility of reaction. If you see a break in a solid candlestick position, you may want to consider a stop order. Resistor 98-01 is an indexed cyclic resistance. He was tested once on October 20th, so there is still a chance he will be surfing in the second test.
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