XAUUSD: Beware of the pullback, sell at high today, target 2730

10月29日

The trend of gold perfectly replicated my idea yesterday. I explained yesterday's trading strategy and future gold price trend very clearly. Yesterday's closing price is very important to the future trend of gold. If the price can close above 2740-2735, the gold price will start to rise. Otherwise, it will continue to adjust if it closes below.

Yesterday’s closing price was just above 2740, and today’s opening price continued to rise, with the highest point once again reaching the historical high of 2757.

Next, I don’t think gold will directly set a new historical high again, because the monthly NFP data will be released this week. It is unlikely that it will set a new high before the data is released. There is a high probability that it will adjust first and then when the data is released. Refresh the high of 2757.

As for today's trading direction, I think it is feasible to choose to short at a high level

10月29日

トレード稼働中

The US house price index data just released is bearish for gold. The current rise in gold prices is very abnormal. I believe it will start to fall soon.