Gold is expected to continue its correction, with a high likelihood of further adjustment. Frame D has shown a reversal, presenting an opportunity for short selling and preparing for a strong rise after the completion of gold's momentum. The trading trend for today is SELL.
Key price levels to watch: SELL zones: 2497 - 2500 and 2508 - 2511. BUY zones: 2473 - 2476 and 2450 - 2454.
Recommended orders:
Plan 1: SELL XAUUSD zone 2497 - 2499 SL 2503 TP 2494 - 2485 - 2475 - 2450.
Plan 2: SELL XAUUSD zone 2509 - 2511 SL 2515 TP 2500 - 2490 - 2480 - 2450.
Plan 3: BUY XAUUSD zone 2473 - 2475 SL 2469 TP 2480 - 2490 - 2495.
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