CPI news: Will it reach a new peak or maintain a sideways range?Market analysis for XAUUSD trading on September 11, 2024:
The trading session on September 10, 2024, continued the upward trend of gold, with corrective movements unable to change the direction. However, the H4 timeframe is currently in a sideways range; the area between 2525 - 2531 remains very strong. It is highly likely that during the Asian session, this resistance zone will not be broken.
Today's trading trend is: BUY.
Key price areas to note:
BUY zone: 2500 - 2505 and 2510 - 2513.
SELL zone: 2525 - 2531 and 2538 - 2542.
Recommended orders:
Plan 1: BUY XAUUSD zone 2510 - 2512
SL 2507
TP 2515 - 2520 - 2525 - 2530.
Plan 2: BUY XAUUSD zone 2500 - 2502
SL 2497
TP 2505 - 2510 - 2515 - 2525.
Plan 3: SELL XAUUSD zone 2525 - 2527
SL 2530
TP 2522 - 2517 - 2512 - 2505.
Wishing you all a successful trading day.😘😘😘😘😘😘😘😘😘
