XAUUSD ANALYSIS 27-8-24 #SEMS #BULLIONGOLD

🚨 XAUUSD (Spot Gold) 🔖 27-8-2024 🚨

Sell at: $2539-$2458-$2579-$2600
Buy at: $2478-$2451-$2432-$2411

CMP - $2508.42 (as of writing) 📈

⚠️Warning: Do not risk more than 5% of your capital. Trading in gold and other financial markets involves significant risk and may result in substantial losses.

🚨📝Data scheduled to be published at 18:00 hrs -19:30 hrs🔖

11 min-S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jun)
11 min-S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jun)
19:30-CB Consumer Confidence (Aug)

Trading Strategy: Given the current market dynamics, we suggest the following:

🟢For Potential Rebound:
• Buy Entry Target Range: $2530 (TP1)- $2545 (TP2)-$2560 (TP3)

🔴For Potential Downtrend:
• Sell Entry Target Range: $2475 (TP1)- $2460 (TP2)- $2445 (TP3)

🔴Technical Status: XAUUSD: 📌

D1 SMA100-P (2357.38) Buy🔺
H4 SMA100-P (2419.00) Buy🔺
H1 SMA100-P (2460.15) Buy🔺
H4 SMA200-P (2420.14) Buy🔺