XAUUSD: October 6 Market Analysis and Strategy

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XAUUSD: October 6 Market Analysis and StrategyGoldOANDA:XAUUSDActuaryJGold Technical Analysis Weekly chart resistance: 4000, support: 3683. Daily chart resistance: 3950, support: 3819. Four-hour chart resistance: 3950, support: 3879. One-hour chart resistance: 3950, support: 3919. Gold continues its upward trend. This seemingly sudden surge is actually the inevitable result of the combined forces of monetary policy expectations, political risks, and geopolitical conflicts. Gold, as a safe-haven asset, is attracting investors. Gold Trading Recommendations: Based on the four-hour chart, focus on the effective support levels below, which remain at 3919-3879. Focus on the 3950 level for upward pressure. If the 3919 support fails, the maximum retracement limit is around 3879. In terms of trading, wait for a pullback before looking for support levels to buy. BUY: 3919near BUY: 3879near