XAUUSD 9/24/2024 price increase continues?
Looking at H1 we see wave 5 is completing
- The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down
- Below after the end of wave 5 we will have a correction according to 3 ABC waves.
- We have the target zone of this correction at the price zone 2594 - 2591 and the second target zone at the price zone 2565 - 2562 we will choose these 2 target zones to BUY
Trading plan
SELL ZONE: 2645 - 2648
SL: 2655
TP1: 2625
TP2: 2606
TP3: 2593
BUY ZONE: 2594 - 2591
SL: 2584
TP1: 2606
TP2: 2616
TP3: 2645
BUY ZONE: 2565 - 2562
SL: 2555
TP1: 2570
TP2: 2589
TP3: 2603
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.