XAUUSD 9/8/2024 Is the Uptrend Over?
Yesterday we saw a significant rally that confirmed my bullish view from yesterday.
- We see the price has broken above the 2406 zone so this price action has confirmed that the black wave 1 and 2 have formed and the price is currently in wave 3
- The characteristic of wave 3 is to move quickly and sharply, the target of wave 3 we measure will be in the 2428 zone or the 2453 zone, looking at the current price I am expecting the target of wave 3 to end in the 2428 zone
- And then there is a correction of wave 4 and continuing wave 5 the price bounces to the 2453 zone
Our trading plan will trade according to wave 5
BUY ZONE: 2412 - 2409
SL: 2402
TP1: 2428
TP2: 2442
TP3: 2450
SELL ZONE: 2450 - 2453
SL: 2463
TP1: 2442
TP2: 2428
TP3: 2406
Join Deekop to get the best trading plan
🥰 t.me/+4bt7tNKcfmYxOWQ1 🥰
🥰 t.me/+4bt7tNKcfmYxOWQ1 🥰
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.