Expectations for the US session on 8/8/2024:
The Asia-Europe session is mainly sideways in the 2392-2400 area. This is a sign of accumulation awaiting the US July Unemployment Rate.
In terms of technical analysis: the downward trend correction is still being maintained, a recovery from the 2380 area could form peaks in the 2410-2413 or 2427-2434 areas. Price levels to note: SELL: 2400-2404, 2410-2413, and 2425-2434; BUY: 2367-2371 and 2351-2355.
Recommended orders:
Plan 1: SELL XAUUSD zone 2410-2413
SL 2416
TP 2400 - 2390 - 2377 - 2355.
Plan 2: SELL XAUUSD zone 2427-2430
SL 2435
TP 2415 - 2400 - 2377 - 2355.
Plan 3: BUY XAUUSD zone 2375 - 2377
SL 2370
TP 2390 - 2400 - 2410.
The Asia-Europe session is mainly sideways in the 2392-2400 area. This is a sign of accumulation awaiting the US July Unemployment Rate.
In terms of technical analysis: the downward trend correction is still being maintained, a recovery from the 2380 area could form peaks in the 2410-2413 or 2427-2434 areas. Price levels to note: SELL: 2400-2404, 2410-2413, and 2425-2434; BUY: 2367-2371 and 2351-2355.
Recommended orders:
Plan 1: SELL XAUUSD zone 2410-2413
SL 2416
TP 2400 - 2390 - 2377 - 2355.
Plan 2: SELL XAUUSD zone 2427-2430
SL 2435
TP 2415 - 2400 - 2377 - 2355.
Plan 3: BUY XAUUSD zone 2375 - 2377
SL 2370
TP 2390 - 2400 - 2410.
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.