Gold trading analysis, October 30, continuously updated...
Updated
Dear gold investors
As shown in the figure
The rising trend from red point A to red point B is the most recent wave of gold trading. From the perspective of technical analysis, I record it as the beginning of the present
The significance of this trend is that the segmentation of the current market is convenient for us to accurately judge the future trend.
When we analyze the future trend for trading, the first thing we need to understand is what the trend of gold has experienced before the current wave of rise, and where it will most likely go in the future.
1: Red point A to red point B is the main rising trend of the previous wave, sorting out the upward outbreak point of the market at the position of red point C
2: The white channel is interpreted as the downward channel that may be caused by the retracement of red point B
3: The blue channel is interpreted as the upward channel of the current gold with a high probability
4: The orange parallel line is interpreted as the price blockage and stay relationship that gold is likely to experience now and in the future
5: The green line is interpreted as the central line of the oscillation, which means zoning and classification, because the oscillation starts with a wave of rising or falling market, and ends with the final exhaustion, thus going out of a new period of oscillation
The core theory of line analysis is actually the law of conservation of volume and energy. No matter how much money comes into the market, it will eventually go out in the future. Therefore, money, as kinetic energy, forms conservation fluctuations, which also forms the high and low echoes in the channel.
So next, according to technical analysis, gold stands firm near the orange C line of $2,748, which means the fulcrum of the current market. It also means a defensive point that cannot be ignored for all intraday transactions. At present, we see that gold has risen to around 2,785. In theory, the expected retracement of trend trading will rise to the range of $2,760-2,770. Next, we patiently wait for the retracement of gold and buy on dips.
As shown in the figure
The rising trend from red point A to red point B is the most recent wave of gold trading. From the perspective of technical analysis, I record it as the beginning of the present
The significance of this trend is that the segmentation of the current market is convenient for us to accurately judge the future trend.
When we analyze the future trend for trading, the first thing we need to understand is what the trend of gold has experienced before the current wave of rise, and where it will most likely go in the future.
1: Red point A to red point B is the main rising trend of the previous wave, sorting out the upward outbreak point of the market at the position of red point C
2: The white channel is interpreted as the downward channel that may be caused by the retracement of red point B
3: The blue channel is interpreted as the upward channel of the current gold with a high probability
4: The orange parallel line is interpreted as the price blockage and stay relationship that gold is likely to experience now and in the future
5: The green line is interpreted as the central line of the oscillation, which means zoning and classification, because the oscillation starts with a wave of rising or falling market, and ends with the final exhaustion, thus going out of a new period of oscillation
The core theory of line analysis is actually the law of conservation of volume and energy. No matter how much money comes into the market, it will eventually go out in the future. Therefore, money, as kinetic energy, forms conservation fluctuations, which also forms the high and low echoes in the channel.
So next, according to technical analysis, gold stands firm near the orange C line of $2,748, which means the fulcrum of the current market. It also means a defensive point that cannot be ignored for all intraday transactions. At present, we see that gold has risen to around 2,785. In theory, the expected retracement of trend trading will rise to the range of $2,760-2,770. Next, we patiently wait for the retracement of gold and buy on dips.
Trade active
Gold is currently testing the resistance near 2781, intra-day pullback has appeared opportunity signals, but please be patient to observe, the current trend of gold into an important intra-day direction selection period, I hope you can be cautious, once the gold puncture 2781, there will be an opportunity to enter, please be patient to wait for the team's entry point notice, And the choice of direction. Thank you!
Trade active
Gold 5-minute small-level breakthrough, intraday trading next look at the pause near 2785, if it goes smoothly, we can continue to see the pressure near 2787, if it goes smoothly, the next target 2790-2800 will not be far away
Trade active
Gold intraday opportunities reappear. We are testing the support level near 2772. As shown in the figure, if the price of 2772 is not broken, we will continue to be bullish on gold based on the price range of 2770-2772. For today's intraday trading, I will set the real key price at the price performance of 2785. It is expected that the future bullish market will be born from here. Let us observe the performance of the support level of 2770-2770 and find opportunities to participate. If the price of 2772-2770 is lost, then we will consider giving up participating in the long position. Wait for the trend to stabilize before considering the direction of intraday trading.
Trade active
Backed by 2772, we are going long at 2777. The next pressure point is 2785. We hope to successfully break through 2785 and reach our target point around 2790.
Trade active
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🔥Accurate and professional market analysis
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🙌Gold trading is no longer lonely
🙌Looking forward to your joining!
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