Trading trend analysis for September 9, 2024:
After creating a candle wick on the M timeframe, the gold price has closed with a strong wick on the D and W timeframes. The gold price has not yet surpassed the peak of 2531; however, it is certain that the gold price will exceed this peak to reach levels of 2538-2542, 2548-2553, or 2565-2570.
The trading trend will be BUY.
Key price zones to note:
BUY zone: 2482-2485 and 2494-2496.
SELL zone: 2505-2508 and 2522-2525.
Recommended orders:
Plan 1: BUY XAUUSD zone 2482 - 2484
SL 2479
TP 2490 - 2500 - 2510 - 2525.
Plan 2: BUY XAUUSD zone 2494 - 2496
SL 2491
TP 2500 - 2505 - 2515 - 2525.
Plan 3: SELL XAUUSD zone 2523 - 2525
SL 2528
TP 2520 - 2515 - 2505 - 2495.
After creating a candle wick on the M timeframe, the gold price has closed with a strong wick on the D and W timeframes. The gold price has not yet surpassed the peak of 2531; however, it is certain that the gold price will exceed this peak to reach levels of 2538-2542, 2548-2553, or 2565-2570.
The trading trend will be BUY.
Key price zones to note:
BUY zone: 2482-2485 and 2494-2496.
SELL zone: 2505-2508 and 2522-2525.
Recommended orders:
Plan 1: BUY XAUUSD zone 2482 - 2484
SL 2479
TP 2490 - 2500 - 2510 - 2525.
Plan 2: BUY XAUUSD zone 2494 - 2496
SL 2491
TP 2500 - 2505 - 2515 - 2525.
Plan 3: SELL XAUUSD zone 2523 - 2525
SL 2528
TP 2520 - 2515 - 2505 - 2495.
Note
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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.
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.