#XAUUSD/H4 GOLD had good trading on the second day
Asia-Europe session analysis on 12/08/2024:
Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future.
The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at 2433-2437 is unlikely to be today’s peak. Attention should be given to the 2455-2460 zone for a potential long-term sell order.
Recommended Orders:
Plan 1: BUY XAUUSD zone 2407-2411
SL 2405
TP 2414 - 2430 - 2455.
Plan 2: BUY XAUUSD zone 2403-2405
SL 2399
TP 2410 - 2430 - 2437 - 2455.
Plan 3: SELL XAUUSD zone 2457-2460
SL 2463
TP 2450 - 2437 - 2400 - open.
Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future.
The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at 2433-2437 is unlikely to be today’s peak. Attention should be given to the 2455-2460 zone for a potential long-term sell order.
Recommended Orders:
Plan 1: BUY XAUUSD zone 2407-2411
SL 2405
TP 2414 - 2430 - 2455.
Plan 2: BUY XAUUSD zone 2403-2405
SL 2399
TP 2410 - 2430 - 2437 - 2455.
Plan 3: SELL XAUUSD zone 2457-2460
SL 2463
TP 2450 - 2437 - 2400 - open.
Note
Link Telegram: t.me/yhpanahsNote
Plan 3 +130 points everyone. Congratulations to all my followers.
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