XAUUSD 9/25/2024 gold price continues to increase?
Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699.
After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets
- This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment.
- We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up.
Trading plan
SELL ZONE: 2696 - 2699
SL: 2706
TP1: 2682
TP2: 2665
TP3: 2655
BUY ZONE: 2565 - 2562
SL: 2555
TP1: 2641
Tp2: 2655
TP3: 2670
BUY ZONE: 2594 - 2591
SL: 2584
TP1: 2614
TP2: 2625
TP3: 2641
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