Gold Hunter #20241028

Gold price :1st_place_medal: forms a high-level box shock, and the trading strategy should be mainly high-selling. However, once it falls below the 2715 mark, it means that the bears have begun to exert their strength, so it is necessary to turn to a breakout and bearish.
Pay attention to whether Iran :iran: has a statement of counterattack. If it is just something like “retaining the possibility of counterattack”, it means that this round of “fireworks” has been set off. Gold :1st_place_medal: will continue to give up the previous gains. The gold price :1st_place_medal: temporarily lacks the momentum to rise.

:white_check_mark:Trading strategy: (mean reversion) intraday highs below 2738 bearish
:white_check_mark:Resistance reference: 2738; 2745 (stop loss)
:white_check_mark:Support reference: 2725 (breakthrough & take profit); 2715 (short-term breakthrough)

:arrow_right:XAUUSD 30-minute chart :1st_place_medal:


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