10.2 Gold bottoms out and correction is made from high levels

Oct 2

Gold daily line is still sideways at a high level, and the K line continues to deviate far from the moving average. This is an abnormal trend. The gold price will inevitably return to the moving average. This is inevitable. At the same time, there is an obvious double top pattern near 2670, and the upper shadow line continues to close.

Gold fell under pressure from the high level in 4 hours. Gold continued to have a double top structure in 4 hours. Gold rose to 2673 last night and fell under pressure. The resistance is obvious.

The tension in the Middle East is still an important factor affecting the gold price. This week will usher in non-agricultural data.

Intraday operation:

SELL: 2675 Target: 2660------2650

BUY: 2645 Target: 2665------2675

Oct 2

Note

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