Xauusd:The impact of war becomes smaller

Driven by the geopolitical war situation, gold rose strongly in the final session, and gold rose as high as near 2010, which is in line with the resistance point of the war that I inferred before to expand gold.

This week, investors will usher in blockbuster events such as the Federal Reserve's resolution and the US non-farm payrolls report. Starting from Wednesday, we must pay attention to key market conditions, ADP employment numbers on Wednesday, unemployment benefits on Thursday, the Fed's interest rate resolution, Powell held a monetary policy press conference, and Friday's US October unemployment rate, October quarter-adjusted non-farm payrolls data.

As can be seen from the pictures, gold broke through quickly last week. Over the weekend, Israel announced that it had entered Gaza, but gold did not continue to rise. This can be judged that risk aversion is declining.

We need to pay attention to the upper resistance point range:
1996-2000
2003-2010
Pay attention to the range of support points below:
1982-1985
1974-1978

From a technical point of view, the key to the strength and weakness of the daily trend is 1980, and the weekly trend is 1965. If it falls below 1965 during the week, it will be possible to turn the trend and get out of the space for a sharp decline.

Now that gold has reached the window period that may be adjusted at any time, we still sell according to the above resistance range to improve our trading success rate.

So today we still follow the previous strategy, and gold still tries to sell in the resistance range. If we break through the previous high of 2010, we can stop the loss and leave first.

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1990 was also supported

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Observe the second resistance range

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Fell again, the forecast was successful

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Return to the first resistance range again

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Today's Monday is not very volatile

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Waiting for the right opportunity

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