#XAUUSD/H4 Continue to adjust or create a new peak?
Market analysis for XAUUSD trading session on October 29, 2024:
The first trading session of the week experienced a significant gap, and as we entered the US session, the price filled the gap and continued to rise in line with the main trend. Today, the price is expected to fluctuate within the range of 2738 - 2765. We are still trading according to the main trend, limiting attempts to catch the peak here.
Today's trading trend: BUY scalp.
Key price levels to watch:
BUY zone: 2735 - 2740, 2725 - 2730, and 2715 - 2720.
SELL zone: 2760 - 2765 and 2776 - 2781.
Recommended orders:
Plan 1: BUY XAUUSD zone 2735 - 2737
SL 2732
TP 2740 - 2745 - 2755 - 2765.
Plan 2: BUY XAUUSD zone 2727 - 2729
SL 2724
TP 2732 - 2740 - 2750 - 2765.
Plan 3: SELL XAUUSD zone 2763 - 2765
SL 2768
TP 2760 - 2750 - 2745 - 2740.
The first trading session of the week experienced a significant gap, and as we entered the US session, the price filled the gap and continued to rise in line with the main trend. Today, the price is expected to fluctuate within the range of 2738 - 2765. We are still trading according to the main trend, limiting attempts to catch the peak here.
Today's trading trend: BUY scalp.
Key price levels to watch:
BUY zone: 2735 - 2740, 2725 - 2730, and 2715 - 2720.
SELL zone: 2760 - 2765 and 2776 - 2781.
Recommended orders:
Plan 1: BUY XAUUSD zone 2735 - 2737
SL 2732
TP 2740 - 2745 - 2755 - 2765.
Plan 2: BUY XAUUSD zone 2727 - 2729
SL 2724
TP 2732 - 2740 - 2750 - 2765.
Plan 3: SELL XAUUSD zone 2763 - 2765
SL 2768
TP 2760 - 2750 - 2745 - 2740.
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