On Monday, October 31, 2022, Euro/USD [EURUSD], the euro daily chart has been relatively strong recently. After rebounding at 0.9530, it continued to rise to around 1.0100, and was suppressed by the range and retreated and fell below 1.0000. In the 4 hours, although the euro has

Monday, October 31, 2022

Euro /USD [EURUSD]

Euro daily chart, the recent trend has performed relatively strongly, rebounding at 0.9530 oversold , and continued to rise to around 1.0100, and was suppressed by the range and retreated, falling below 1.0000. In the 4 hours, although the euro has rebounded oversold at this stage, limiting the downward speed, it has failed to effectively stand above 1.0000. The risk of suppression in the early bear cycle is still there, limiting the rebound space. It is expected that the euro will intensify the recurrence between 1.0000-0.9700, and the trimming time will be extended. In 30 minutes, the euro was trimmed at 0.9945, which is expected to exacerbate the trimming.

Based on the views of the above cycle, the intraday trading plan is:

European session period, it is recommended to go long at 0.9915, the target is: 1.0030.

(Note, if the entry position is broken, wait and see.)

US session, it is recommended to wait and see.
(Note that the European session conditions have not been triggered and used.)

Euro 30 minutes

Gold [XAUUSD]

Gold daily chart. After the second decline test of gold 1615, it did not continue to expand the downward trend. The highest test in this rebound was 1729, but unfortunately it failed to stand firm. In the 4 hours, the second gold 1615 test was a low-level oversold rebound, which also limited the decline rate, but it does not mean that the decline ends, because the short retracement cycle of gold has not ended yet. If it further expands and breaks below 1600, then the decline to 1500 may be large. The recent repeated revisions in 1615 have given the bulls some breathing time for the time being, and the space above is narrowing. Look forward to breaking through the direction. In 30 minutes, gold fell back due to restrictions on the short-term 1675, and expectations continued to intensify the recurrence of the range.

Based on the views of the above cycle, the intraday trading plan is arranged:

European session period, it is recommended to go long at 1633, goal: 1655.

(Note, if the entry position is broken, wait and see.)

US session, it is recommended to wait and see.

(Note that the European market conditions have not been triggered and are used.)

Gold 30 minutes

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