【11/2 Night Gold】Three weeks in a row of closing prices drop, ending Friday at $3876｜Market structure and recent target points as seen on LIGHTHOUSE
About LIGHTHOUSE
LIGHTHOUSE (Lighthouse) automatically displays the “reading” portion of the chartas an auxiliary indicator for discretionary trading.
・Display the direction of the higher timeframe and the current candle in five levels at the top-left of the chart
・Automatically display lines for price updates (HH／HL／LH／LL) and BOS/CHoCH
・Show pullback and retracement zones, support-resistance flip zones, and range boxes
・Marks for peaks and valleys are confirmed and do not move or disappear afterward (no repaint)
・Since the meanings of terms are displayed at the bottom-left of the chart, you can learn while watching
The trading decisions are up to you, and this tool is to quickly gather the factors for decision-making at a glance.
[Key points] Gold market memo up to the closing price on Friday, October 30
・Low on October 233975.63dropped below 30 dollars, reaching a low of3870.20dollars (the lowest close over about a year on a daily chart)
・The close on Friday, October 30 was3876.67dollars (high of the day 4026.43・low 3870.20)
・Upper range is3975.63・4005.23, lower range is3870.20and these are the price bands that are likely to be watched first
1. Recent market feel (week, daily, 1-hour)
Weekly: close from 4194.50 to 4164.16 to 3997.85 to 3876.67 for three weeks in a row declines
Weekly closes were 4285.20 for the week of Sep 21, 4139.39 for the week of Sep 28, 4194.50 for the week of Oct 5, 4164.16 for the week of Oct 12, 3997.85 for the week of Oct 19–23, and 3876.67 for the week of Oct 26–30. In the week of the 26–30, the high was 4082.81 and the low was 3870.20, finishing about 121 dollars lower than the previous week’s close.
Daily: after rising to 4082.81 on the 28th, fell to 3870.20 on the 30th and closed at 3876.67
On Friday, October 23, it fell to a low of 3975.63 and closed at 3997.85. Monday the 26th moved between 3978.13 and 4029.88, closing at 4017.04; Tuesday the 27th moved between 3989.21 and 4065.79, closing at 4060.27; Wednesday the 28th moved between 4024.98 and 4082.81, closing at 4067.30; Thursday the 29th moved between 4005.23 and 4069.22, closing at 4021.44. Friday the 30th moved from a high of 4026.43 to a low of 3870.20, closing at 3876.67.
Hourly: from 4026.43 at 1:00 on the 30th, moved lower to 3870.20 by 22:00
On the 29th, the 1:00 hour high was 4069.22, then declined to 4005.23 by 21:00, ending at 4021.44 at 23:00. On the 30th, after peaking at 4026.43 in the 1:00 hour, it declined, breaking below the October 23 low of 3975.63 by 10:00, and by 16:00 reached 3915.68. The 22:00 hour saw a low of 3870.20, finishing at 3876.67 at 23:00.
Levels likely to attract attention (chart-based facts)
| 4082.81 | High of the 28th |
| 4026.43 | High of the 30th (1:00 hour) |
| 4005.23 | Low of the 29th (21:00 hour) |
| 3975.63 | Low of the 23rd |
| 3876.67 | Close on Friday, Oct 30 |
| 3870.20 | Low on the 30th (22:00 hour) |
Before and after indicators announcements or talks by important figures, price movements tend to be more volatile, so please check the schedule yourself. The chart image also includes a few bars up to server time 5:00 on Monday, November 2 (the numbers in the text refer to the close on October 30).
2. When you view the same chart with LIGHTHOUSE
From here, we’ll view the same gold chart with LIGHTHOUSE added.
Daily chart (higher timeframe weekly): both the weekly and daily charts show a “strong sell”
The top-left shows “W1 direction: strong sell” and “D1 direction: strong sell.” From September to October, in the valleys there isLL andBOS, and in the mountains there isLH.
Above the price, around 4205–4230, asupport-resistance flip zoneis displayed. It fell sharply on the 30th, and the current price is well below this zone.
1-hour chart (daily on top): daily and 1-hour both show a “strong sell”
The top-left shows “D1 direction: strong sell” and “H1 direction: strong sell.” After the high of 4082.81 on the night of the 28th, the mountain formedLH and the valleyLL appeared, and by the night of the 30th it moved lower, with LL even appearing at the 22:00 low of 3870.20.
Above the price, a retracement zone around 3932–3971 is displayed. Thesupport-resistance flip zone around 4025–4035 is well above the current price.
5-minute chart (1-hour top): 1-hour shows strong sell, current candle also sell
The top-left shows “H1 direction: strong sell” and “M5 direction: sell.” After the night rally to the high, by early Monday morning, a mountain formed HH and LH, and a valley HL formed, with CHoCH also appearing.
Above the price, asupport-resistance flip zone around 3902–3904 is displayed. When the directions of the higher timeframe and the current candle align, you can observe which candle’s move will switch first.