#XAU Large sideways amplitude, accumulating for an upward cycle.
Trading trend analysis for September 12, 2024:
As noted on September 11, 2024, gold prices have yet to break the resistance level of 2527 - 2531, and prices continue to move sideways within the H4 timeframe. Currently, this sideways range is quite broad: 2483 - 2531. However, the D and W timeframes indicate that this is a bullish accumulation phase.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2519 - 2524 and 2527 - 2531.
BUY zone: 2508 - 2511, 2500 - 2505, and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2519 - 2521
SL 2524
TP 2516 - 2510 - 2500 - 2495.
Plan 2: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2524 - 2515 - 2505 - 2495.
Plan 3: BUY XAUUSD zone 2493 - 2495
SL 2490
TP 2500 - 2510 - 2520 - 2525.
As noted on September 11, 2024, gold prices have yet to break the resistance level of 2527 - 2531, and prices continue to move sideways within the H4 timeframe. Currently, this sideways range is quite broad: 2483 - 2531. However, the D and W timeframes indicate that this is a bullish accumulation phase.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2519 - 2524 and 2527 - 2531.
BUY zone: 2508 - 2511, 2500 - 2505, and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2519 - 2521
SL 2524
TP 2516 - 2510 - 2500 - 2495.
Plan 2: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2524 - 2515 - 2505 - 2495.
Plan 3: BUY XAUUSD zone 2493 - 2495
SL 2490
TP 2500 - 2510 - 2520 - 2525.
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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.
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.