This week, gold once fell more than 5%. Bank of America believes that it is normal for gold to experience a correction after a significant rise, and monthly pullbacks of over 10% have also been common in past bull markets.

According to the news from the trend trading desk, on October 28, Bank of America Securities published a research report stating that since 1970, monthly pullbacks of over 10% have not been uncommon in various gold bull markets. After these pullbacks, gold prices often regain upward momentum and continue to rise.

BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.

On the daily level, the price continues to oscillate near the moving averages.

In summary, the support level is 112700, and the resistance level is 113100.

ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 3980 and a resistance level of 4010.

LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 97 and a resistance level of 99.

BCH: The price has fallen below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 540 and a resistance level of 570.

That's all for now, good night!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。