【10/28~11/1】Market recap and next week's scenarios (GOLD/SILVER/DXY/USDJPY/EURUSD)

GOLD (XAUUSD)

【Monthly】

• The October monthly candle closed as a relatively large bullish candle. This year has largely been a bullish, up-trending year so far
  
• → For November, first aim for long entries in line with the trend, and remain cautious about shorts until a clear reversal appears

【Weekly】

• The weekly chart shows a long upper shadow or a pin bar due to month-end adjustments. The long-side trend remains unchanged, but this is the weakest pattern recently
  
• → As the month shifts and the U.S. presidential election results come in, expect possible larger moves; pay attention to how the next weekly candle forms

【Daily】

• The daily is rising relentlessly within zones and channels, with no solid justification to short
  
• → If it pulls back, you can buy the dip, but since late October there has been little retracement. There are few entry points on the daily basis

【4-hour】

• The 4-hour has fallen below the zone/center of the channel since the end of month, raising the question of whether it can re-enter higher
  
• → There is currently no pattern forming, so wait for chart patterns to develop while anticipating potential volatility around the presidential election

SILVER (XAGUSD)

【Monthly】

• From the monthly zone rebound, it continues to extend. If we assume a third wave on the monthly chart, November remains favored for long positions
  

【Weekly】

【Daily】

DXY

【Monthly】

• A strong bullish reversal from the monthly-zone base
  → Since a downmove continues against the monthly zone, further downside is possible until a Dow reversal occurs
  
  

【Weekly】

• From the monthly-zone, a climb to the immediate resistance zone is straightforward
  
• → If it breaks above the current zone and the downtrend line, a full upmove is likely; if dollar weakness occurs, expect a pullback after the recent rise or a renewed challenge to break below the monthly zone

USDJPY
【Monthly】

• The monthly candle closed exactly at the upper limit of the monthly zone. It is a large bullish candle, but it could not clear the zone, so the consolidation near the zone continues
• → Since this month starts with the U.S. presidential election, the overall November monthly shape may change significantly depending on whether the dollar weakens

【Weekly】

【Daily】

EURUSD

【Monthly】

• After clearing the diamond formation upper, it retraced on the monthly level
• → If the dollar weakens, a substantial rise remains possible, so aggressively targeting long positions is desirable

【Weekly】

• On the weekly, there is a significant overshoot against the diamond neckline, followed by a rebound at the lower edge and a recent upturn
• → As long as the ascent along this lower edge holds, upside remains favored

【Daily】

• Daily shows the diamond (etc.) breakout followed by a rise and a straight fall after forming a W-top
• → If a W-bottom or other chart pattern forms here, long entries could be considered; if it breaks below, wait and see