About LIGHTHOUSE

LIGHTHOUSE (LightHouse) automatically displays the “reading” portion of the chartA discretionary trading auxiliary indicator.

・Displays the direction of the higher timeframe and the current candle in five levels at the top left of the chart

・Automatically displays the updates of high/low (HH/HL/LH/LL) and the BOS/CHoCH lines

・Displays pullback and retracement zones, support/resistance reversal zones, and a range box

・The marks for peaks and valleys are fixed after they are confirmed and do not move or disappear later (no repaint)

・Because meanings of terms are shown at the bottom left of the chart, you can learn while looking

Trading decisions are up to you; this is a tool to quickly gather the material for decision-making at a glance.

See LIGHTHOUSE product page

[Key Points] Gold market memo up to the close on Monday, October 26

・From the high on January 295598.15to the low on October 233975.63has fallen

・The closing price on Monday, October 26 is4017.04(intraday high 4029.88 / low 3978.13)

・Above,4029.88・4034.11, below,3978.13・3975.63are notable price levels to be aware of

1. Recent Market Feel (Week, Day, 1-Hour)

Weekly: From the week of October 12, closing price fell from 4164.16 to 3997.85

The weekly close: September 21 week 4285.20, September 28 week 4139.39, October 5 week 4194.50, October 12 week 4164.16, October 19–23 week 3997.85. The week of October 19–23 had a high of 4190.35 and a low of 3975.63, closing about 166 lower than the previous week's close.

Daily: After dropping about 117 on the 22nd, the range was 3975–4030

The close on October 21 was 4141.20. On the 22nd, the price moved from a high of 4145.39 to a low of 4021.06 and closed at 4024.37. On the 23rd, it fell to a low of 3975.63 and closed at 3997.85, and on the 26th (Mon) moved between 3978.13 and 4029.88, closing at 4017.04.

1-Hour: The 23rd low was not breached on the 26th

After falling to 3975.63 around 17:00 on the 23rd, the 26th saw a dip to 3978.13 at 4:00 and 3988.75 at 16:00, but the 23rd’s low was not broken. The price reached a high of 4029.88 in the 20:00 hour, and moved between 4008 and 4022 from 21:00 to 23:00.

Price levels to watch (based on chart facts)

4145.39	High on October 22 (start of this move)
4034.11	High on the 23rd (16:00)
4029.88	High on the 26th (20:00)
4017.04	Close on Monday, October 26
3978.13	Low on the 26th (4:00)
3975.63	Low on the 23rd (17:00)

Around key events or statements by officials, price moves tend to be volatile, so please check the schedule yourself. The chart image also includes a bit of data from October 27 (Tuesday) 1:00 server time (the numbers in the body refer to the close on October 26).

2. When you view the same chart with LIGHTHOUSE

From here, we will view the same gold chart with LIGHTHOUSE applied.

Daily (higher timeframe is weekly): Both weekly and daily show a strong sell

The top left indicates the direction of W1: strong sell and D1: strong sell. From September to October, the valley hasLL andBOS attached, and the hill hasLH attached.

Above price, around 4205–4235, aSupport/Resistance reversal zone is displayed. The current price is well below this zone.

1-hour chart (daily is the higher timeframe): Daily is strong sell, 1-hour is neutral

The top left indicates the direction of D1: strong sell and H1: neutral. After the 23rd's low, the 26th at 4:00 formed aHL and the subsequent peaks showHH.

Below price, around 4003–4011, aRetracement zone is displayed. Above, around 4142–4152, a notable support/resistance reversal zone can also be seen.

5-minute chart (1-hour chart is the higher timeframe): The 1-hour chart is neutral, the current candle is a strong sell

The top left shows the direction: H1 is neutral and M5 is strong sell. On the evening of the 26th, after dropping from the 20:00 high of 4029.88, it formed aLL (4008.38) and retraced, forming a peak ofLH.

Near price, around 4013–4017, aRetracement zone is displayed. When the higher timeframe is neutral and the current candle is selling, you can observe which timeframe’s movement switches first.