10.29 Gold Short-term Professional Operation Analysis

28 Okt

Last Friday, the gold price generally showed an upward trend. The highest price rose to 2747.56 on the day, and the lowest price fell to 2716.9, closing at 2746.25. Looking back at the details of the gold market performance last Friday, the price was suppressed by the four-hour resistance position during the early trading, and then it was under pressure to go down as expected, and then it stopped going up again after falling in the European session, and the US session rose strongly again, and finally ended with a big positive state on the daily line. At present, gold is still above the daily support of 2692, so it is still more band-oriented for the time being. At the same time, the price in the four-hour period continued to fluctuate in the range of 2710-2758.5, with the middle position in the 2730 area, so the price in the range focuses on selling high and buying low. Considering the overall bullish trend, the focus is on the subsequent upward trend in the range, and the price will continue after breaking the range.

Intraday operation:

Gold 2719-20 range is more, defending 10 US dollars, target 2730-2750

28 Okt

Nota

In the last transaction, I emphasized in the group that 30 was the entry point and looked towards 45. Gold also reached 45 as expected and we made a profit of 12K.