#XAUUSD Caution before ATH, where will the profit-taking occur?
Market analysis for XAUUSD trading session in Europe - America on October 30, 2024:
The trading session yesterday and the Asian session today have continuously created all-time highs, with gold prices rising sharply towards the 2800 area. In the current trend, we can easily fall into a state of FOMO, making it difficult to find entry points for trades. Our current priority is to limit trading and prepare for an upcoming profit-taking phase.
Today's trading trend: BUY scalp.
Key price levels to pay attention to:
🔴BUY zone: 2763 - 2768, 2750 - 2755, 2735 - 2740, and 2715 - 2720.
🔴SELL zone: 2793 - 2798 and 2809 - 2814.
Recommended trades:
Plan 1: BUY XAUUSD zone 2764 - 2766
SL 2761
TP 2769 - 2775 - 2780 - 2785.
Plan 2: BUY XAUUSD zone 2752 - 2754
SL 2749
TP 2757 - 2762 - 2770 - 2785
Plan 3: SELL XAUUSD zone 2793 - 2795
SL 2798
TP 2790 - 2780 - 2760 - 2750 - open.
The trading session yesterday and the Asian session today have continuously created all-time highs, with gold prices rising sharply towards the 2800 area. In the current trend, we can easily fall into a state of FOMO, making it difficult to find entry points for trades. Our current priority is to limit trading and prepare for an upcoming profit-taking phase.
Today's trading trend: BUY scalp.
Key price levels to pay attention to:
🔴BUY zone: 2763 - 2768, 2750 - 2755, 2735 - 2740, and 2715 - 2720.
🔴SELL zone: 2793 - 2798 and 2809 - 2814.
Recommended trades:
Plan 1: BUY XAUUSD zone 2764 - 2766
SL 2761
TP 2769 - 2775 - 2780 - 2785.
Plan 2: BUY XAUUSD zone 2752 - 2754
SL 2749
TP 2757 - 2762 - 2770 - 2785
Plan 3: SELL XAUUSD zone 2793 - 2795
SL 2798
TP 2790 - 2780 - 2760 - 2750 - open.
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