XAUUSD:30/10 Today’s Trading Strategy

The three positive lines of the Golden Week rose strongly. After a long period of consolidation last week, at the end of the day, heavy volume broke through the high point and stood firmly above the 2000 mark. After the daily line continued to consolidate and gain momentum, it closed the positive line again and continued to rise. The daily line is bullish. The weekly positive trend has been strong. The previous retracement low serves as the critical point for bulls this week, and the short-term rise will further continue. The next goal is most likely to challenge the previous high.
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The 4-hour chart gathers momentum around the middle track, and then cooperates with the big positive line to pull up and close at a high level. The bulls consolidated strongly to replace the callback. The previous low of 1953 served as the rising low of the second wave. After pushing through the high, it formed the rising trend of the second wave. The high of 1990-1995 was converted into today's support. The high trend will continue at the beginning of the week. It is expected that Asia If the market pulls back slightly, the European market will move higher. The 1-hour chart consolidated and corrected after a wave of positive gains, pulling up and closing at a high level. It is recommended to go long on dips today.

BUY:1994~1996
SL:1989
TP1:2001
TP2:2006

SELL:2016~2018
SL:2021
TP1:2010
TP2:2004

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It has rebounded since 1994 and has made a profit of 35pips.

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Short-term long profit again

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Every downward correction today is an opportunity to go long. It’s not that the market is not suitable or that the market is not strong. It’s that you are in the wrong position and are going in the wrong direction. If you follow the right person, you may find that there are opportunities to make money everywhere.

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Between 1992 and 2000, any decline was an opportunity for me to go long. This morning’s analysis was also correct, and I made a lot of profits. I will continue to share from the same place tomorrow.

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Judging from the current trend, bulls are strong. It is recommended to go long at low prices today. I will share today’s strategy later.

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There is a lot of data today. Friends who trade, please remember to control your risks. If you have anything you don’t understand, you can contact me immediately.

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Let us take a look at the hourly resistance of 1986 and look forward to the decline of gold