Gold repeatedly increased its risk aversion, and gold was first

The recent geopolitical situation in the financial market is still dominant, and even the surge in the US dollar cannot effectively suppress gold. Wednesday’s Palestinian-Israeli news directly affected the rise and fall of gold. It was reported that Israel postponed a comprehensive ground offensive, and gold’s safe haven subsided and fell sharply to 1962. Another one came later. Israel is preparing to comprehensively promote a geopolitical offensive, and gold’s safe haven It heated up again and rose to 1986. Therefore, it is difficult to judge the rise and fall and strength of a single direction through technical aspects. You can only watch and act while trying to avoid higher-risk transactions. In terms of market news, pay attention to Federal Reserve Chairman Jerome Powell’s speech on Thursday and Friday, looking for clues about the path of future interest rate hikes in the speech to see if it can provide new impetus for gold prices. At the same time, today’s focus is on the number of initial jobless claims in the United States for the week to October 21, the U.S. third-quarter GDP report and the European Central Bank (ECB) interest rate decision, as well as Friday’s U.S. personal consumption expenditures (PCE) price index.




Success does not depend on the difficulty, but on who actually does it. The world has never lacked opportunities, but has lacked the hands to seize them. Success will not come to those who only think but do not do and those who only talk but do not do. What we need is not only dreams, but also efforts to achieve our dreams. Don't worry about failure, as long as you try your best, you should have a clear conscience; don't be afraid of difficulties, many difficulties are just imagined out of thin air to scare yourself. The U.S. dollar rose unilaterally on Wednesday, while gold fluctuated in a wide range at a high level. The Asian and European markets fluctuated little, and the U.S. dollar fluctuated back and forth in the 1986/1962 range. Stimulated by the news, gold fell sharply at first, and its move was very unreasonable. However, the overall market is still dominated by risk aversion, closing at a high level, and it is difficult to get out of the decline. On Wednesday, I placed a short order in 1983 and saw the low of 1963, making another huge profit.




The opening chapter emphasizes the core idea of ​​the day's market: gold maintains a bullish trend, but note that there is room for decline, and the lower support is at 1970 and 1962! The fluctuations in gold on Wednesday were all stimulated by news about the geopolitical situation. Otherwise, there would not be such a big fall, nor would there be such a big upside. According to the news, the ground advance against Pakistan will be postponed, but a full-scale offensive is currently being carried out. Therefore, when the news came out, gold first fell and then rose, with the lowest at 1962, the highest reaching 1986, and finally closing at a high level. As mentioned above, the US dollar was also rising sharply, so this cycle could not pass the US dollar's Changes give reasons for the rise and fall of gold, and the geopolitical situation in the market dominates. However, it can also be seen from the simple news that gold’s rise and fall on Wednesday happened to be on the upper and lower Bollinger track of the H4 cycle. Therefore, it is not the case to say that gold’s temporary trend does not have any technical aspects.




Today’s market still needs to pay attention to changes in the geopolitical situation. As long as there is no ceasefire between Palestine and Israel, gold’s safe haven will be very strong and it will be difficult to escape the sharp decline. From a technical point of view, the daily line closed positive on Wednesday, and the unilateral moving average did not break. Today, we must pay attention to the room for continuous gains. Although there is a 2000 reference point above, there is no guarantee that it will not break. This move does not predict the high point. But in a strong situation, you cannot chase the rise if you are bullish. Chasing the rise is undoubtedly a suicidal behavior. On Tuesday and Wednesday, gold has a large space to fall. It may also have the same performance on Thursday and Friday. Among them, the H4 cycle can be seen. Although It rose sharply on Wednesday, but Bollinger still closed his mouth. The moving average system is glued together without diverging or forming a unilateral trend. Therefore, if there is no news of geopolitical upgrades on Thursday, gold may still fluctuate. The range that can be given for the time being is 1986/ 1965. According to the normal trend, the gold high at midnight on Tuesday is 1986. Today, you can go short first under the suppression of the high of 1986, gradually look at the support point below, and then look at the room for upward growth of the support point. The same is true for the performance of the golden hourly line. The high point is suppressed at 1986. On the whole, it can be short below 1986 on Thursday. In a small range, we can first look at 1970, and with strong strength, we can look at the gains and losses of 1962.



The above is my own point of view, and I would also like to see everyone’s point of view

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Brothers, please leave a message

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Don't worry, gold is just a normal adjustment, everything is under my control

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The adjustment has been completed and the trend is open.

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Gold can't continue to rise, a downtrend will follow

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In the face of strength, we don’t need to talk too much nonsense. We use the results to prove to everyone that we are the best. Have you made money today? Dude

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Regarding the last trading day tomorrow, I think if you have a particularly severe loss, you can come to me in advance. Maybe I can help you recover some losses.