XAUUSD: 17/10 Today’s Market Analysis and Strategy

10月17日

Gold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2665

Gold operation suggestions: Yesterday, gold technically relied on the 2660 mark to usher in a unilateral rise t breakthrough. The US market accelerated its high and pierced the 2685 line, and then fell under pressure and fell into shock. The overall price stabilized at the 2660 mark in the short term, further continuing the strong rise of bulls. The short-term bullish strong dividing line focuses on the 2650 mark. The daily level stabilized at this position and continued to follow the trend of low-multiple rhythm. Short selling can only enter the market at key points, and enter and exit the market quickly.

From the current market trend, pay attention to the short-term support of 2665 line below, and still pay attention to the short-term suppression of 2685 line above. Breaking through the position will see the 2700 line. Gold is still in a long arrangement, and the daily line has also formed a long arrangement. The moving average system is also relatively perfect. Our target for this round will be the 2700 line! Be patient and wait for the key points to enter the market.

BUY:2670near SL:2668
BUY:2665near SL:2661

Technical analysis only provides trading direction!
Since it is not real-time trading guide, please use a small SL to test the signal.