Gold trading strategy 10/31/2019

1474-1480 support area is anticipated to become the bottom of the stage, market temptation may be launched at any time upward, the current gold 4-hour level of double bottom structure, this structure can refer to GBP/USD or GBP/JPY before the double bottom trend on the daily line! Golden Week line level rise is not over, daily line level adjustment is nearing the goal!


The daily chart continues to be in the Bollinger Bands range with a seismic disturbance. Today’s monthly line official’s work, the daily line two consecutive yin after the yang, and yesterday K yang line pull up to form the yang bao yin form, adjust the end of the market, has not even formed a substantial upward trend. 4 hour single needle bottom recovery, early morning charge a long shadow Yang K, K-line pattern bottom anti-pumping, MACD indicator gold forks, head upward, while rising kinetic energy expansion, 4 hours more, temporary to plunge are also unlikely, at least within the daylight will continue to cross the ink or shock, and then tomorrow with the help of non-farm data to open a certain space.


Gold 1480 support obvious, Wednesday midnight again a wave of rapid decay, continues to explore the rebound itself is a strong performance of the bulls, overnight deep V flip, today is bound to need to move bullish, white market is expected to step back to the 1490 position after another into the buy! Only a complete psychoanalysis of the current trend after the decision to achieve profitability! Even in the case of accurate judgment, because the point problem will appear stop loss, not to mention counter-style operation!

Today’s Gold Trading Strategy Recommendations:
Gold: 1490 Buy, Stop 1487, Stop Loss 1498

Forex trading strategy 10/31/2019

The DXY rebounded below 98.00 on Wednesday, with the correction supported above 97.45 and closing at 97.64, with the USD’s short-term rally likely to stay on a correction. If the DXY bounces below 97.75 today, the quarry of the post-market correction will point to 97.40-97.15. DXY short-term resistance at 97.70-97.75, short-term important resistance 97.90-97.95. DXY short-term support at 97.40-97.45, short-term important support at 97.15-97.20.


Wednesday’s EUR/USD correction was supported above 1.1080, rebounding below 1.1155 and closing at 1.1126, with the EUR/USD short-term correction likely to remain in rebound. If the EUR/USD correction is supported above 1.1120 today, the quarry of the post-market rally will point to 1.1160-1.1190. EUR/USD short-term resistance at 1.1155-1.1160, short-term important resistance at 1.1185-1.1190. EUR/USD short-term support at 1.1120-1.1125, short-term important support at 1.1085-1.1090.

Today’s Forex Trading Strategy Recommendations:


EUR/USD: 1.1120 Buy, 1.1085 Stop Loss, 1.1190 Take Profit

GBP/USD: 1.2880 Buy, 1.2840 Stop Loss, 1.2945 Take Profit


USD/CHF: 0.9935 Sell, 0.9965 Stop Loss, 0.9855 Take Profit

USD/JPY: 109.25 Sell, 109.55 Stop Loss, 108.45 Take Profit

AUD/USD: 0.6870 Buy, 0.6845 Stop Loss, 0.6820 Take Profit

USD/CAD: 1.3135 Buy, 1.3100 Stop Loss, 1.3235 Take Profit

Oil trading strategy 10/30/2019

The crude oil’s 55.5 short order was harvested at 54.7 last night, and just after a walk it has been a lift. The 1-hour rise structure of crude oil has gone bad, but the bottom of 54.7 is supported, the anti-pumping force can be. The evening API Lido anti-fall is expected to proceed ahead, so is tonight’s EIA. API published values and outlooks are not large, so EIA suspense is still relatively large in the past two weeks are cold end. And from today’s technical point of view, 54.6 first-line break is the winder if the second step can not break still has the momentum to continue to pull up. Thus the operation touched, 54.6 to do more, loss at 54, the target look for 56.8 can be. 

Today’s Oil Trading Strategy Recommendations:


Oil: 54.6 Buy, Stop Loss 54.0, Take Profit 56.8