#XAUConfirming the peak at 2531, adjustment or further increase?
Gold analysis on August 21, 2024:
After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected.
The trading trend today remains SELL.
Key price areas to note:
SELL zone: 2520 - 2525 and 2529 - 2533;
BUY zone: 2502 - 2507 and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2521 - 2523
SL 2526
TP 2518 - 2510 - 2500 - 2490.
Plan 2: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2490 - 2480.
Plan 3: BUY XAUUSD zone 2490 - 2492
SL 2486
TP 2495 - 2500 - 2510 - 2520.
After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected.
The trading trend today remains SELL.
Key price areas to note:
SELL zone: 2520 - 2525 and 2529 - 2533;
BUY zone: 2502 - 2507 and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2521 - 2523
SL 2526
TP 2518 - 2510 - 2500 - 2490.
Plan 2: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2490 - 2480.
Plan 3: BUY XAUUSD zone 2490 - 2492
SL 2486
TP 2495 - 2500 - 2510 - 2520.
Note
t.me/yhpanahs
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.