XAUUSD: 10/1 Today’s Market Analysis and Strategy

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Gold technical chart daily pressure 2040-2053, lower support 2000
The four-hour pressure is 2040, and the lower support is 2016
One-hour pressure is 2040, support below is 2016
✅Operational suggestions: Gold has now physically broken through the 2040 mark. Today’s rebound near 2040 will be the main target for shorting, first look at the 2020 mark. If the strength is strong, continue to look at the 2000-1966 mark. The first small resistance above is currently the 2031 mark, followed by the 2040 mark. It is the entry price of short order

SELL:near 2053
SELL:near 2040
SELL:near 2032

You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!

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XAUUSD BUY:2029~2031
❌sl:2023
✅tp1:2037
✅tp2:2045

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Move SL to 2030 running,If it falls below 2030, no longer hold it. Trade with caution in volatile market conditions.

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The market is running according to the trend I drew in the morning.

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XAUUSD BUY:2027~2028
❌sl:2023.5
✅tp1:2035
✅tp2:2040

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tp Closed The DXY fell back to its intraday low. When DXY was at 102.4 in the morning, gold was at 2039. The U.S. dollar index has dropped significantly, but gold has not rebounded much. The U.S. dollar and gold are both weak.

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The strategies of SELL2040/SELL2032 were all correct this morning, and I will continue to share them tomorrow.

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