XAUUSD: Market Analysis and Strategy for November 1stGold / U.S. DollarFOREXCOM:XAUUSDActuaryJLast Friday was the closing of the monthly chart. Gold continued to fall in October, with a maximum of $4,225 and a minimum of $3,870. The monthly line has fallen for two consecutive months and closed, the 10-day moving average is downward, and the MACD indicator has fallen and the kinetic energy column has increased. It is expected that the gold trend will reach a low point in November. On the daily chart, gold opened in Asia on Friday and fluctuated downwards around US$4,026. Gold accelerated its decline in European and American trading, falling to US$3,870 in late trading, a daily drop of nearly US$160. The K-line chart fell sharply, with the moving average downwards, the KDJ indicator crosses, and the turning head of the attached picture is running in the oversold area. The MACD indicator has fallen and the kinetic energy column has increased. The daily trend is still dominated by bears. In the hourly chart, the gold Asian market fluctuated and rose, and the K-line continued to rise. It is currently running around $4910, the MA5 daily moving average is upward, the KDJ indicator is oversold and has a low golden cross. The attached picture indicator turns its head and runs upward. The MACD indicator fast and slow lines are glued below the 0 axis. The downward kinetic energy column shrinks, and the short-term trend is bullish. Gold fell sharply on Friday, and the gold trend in Asia and Europe on Monday is likely to have a slight upward recovery trend. Judging from the daily trend, the trend is bearish, and it is likely to fall below $3870 during the day and in the near future. Today, it is recommended to sell gold on highs, and focus on the pressure of $3,930. My recommendation: SELL:3930-3935, stop loss: 3945, target: 3890-3870