XAUUSD analysis on 05/08/2024:
Gold's plunge on Friday, August 2, 2024, from the 2478 zone to 2410-2413 as we predicted.
Gold is still expected to correct but without breaking the long-term uptrend structure. Predicting gold could reach the 2800 milestone is entirely possible.
Key price zones to watch: 2463-2470, 2390-2396, and 2370-2377.
Recommended orders:
Plan 1: SELL XAUUSD zone 2465-2467
SL 2471
TP 2462-2450-2430-2396.
Plan 2: BUY XAUUSD zone 2394-2396
SL 2390 TP 2399 -2420- 2445 -open.
Plan 3: BUY XAUUSD zone 2375-2377
SL 2371
TP 2374-2395-2420-open.
Gold's plunge on Friday, August 2, 2024, from the 2478 zone to 2410-2413 as we predicted.
Gold is still expected to correct but without breaking the long-term uptrend structure. Predicting gold could reach the 2800 milestone is entirely possible.
Key price zones to watch: 2463-2470, 2390-2396, and 2370-2377.
Recommended orders:
Plan 1: SELL XAUUSD zone 2465-2467
SL 2471
TP 2462-2450-2430-2396.
Plan 2: BUY XAUUSD zone 2394-2396
SL 2390 TP 2399 -2420- 2445 -open.
Plan 3: BUY XAUUSD zone 2375-2377
SL 2371
TP 2374-2395-2420-open.
Note
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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.