XAUUSD July 25, 2024 Where will the drop end?
Yesterday I gave you a plan to sell at 2431 - 2434, we filled TP3 with a profit of 600 pips.
- Today the price has dropped to the 2370 price range, surpassing the 2382 price range, so the purple wave C in the purple ABC correction wave has been confirmed.
- Looking at the sharp decline in price moving quickly and sharply, we expect this to be wave 3 in a series of 5 waves of the purple wave C
- Our task is to determine the ending point of wave 5 in the purple wave C and that is also the ending point of the purple wave C to start BUY.
- Measuring the target of wave 5 as well as the purple wave C, we have target price zones ending at 2365 and 2349.
Trading plan
BUYZONE 2465 - 2462
SL: 2455
TP1: 2382
TP2: 2394
TP3: 2399
SELL ZONE: 2411 - 2414
SL: 2421
TP1: 2400
TP2: 2394
TP3: 2382
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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.
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.