The Asian session unfolded as we anticipated. Prices corrected to the 2400-2403 region and continued to decline towards 2388.
The European session may see a slight recovery and deeper decline, with expectations around 2370-2373. The current trend in the Asian-European session remains sell, with the possibility of buying on a bounce at 2370-2373.
Recommended orders:
Plan 1: SELL XAUUSD zone 2396 - 2398
SL 2402
TP 2393 - 2383 - 2365.
Plan 2: BUY XAUUSD zone 2370-2373
SL 2367
TP 2376 - 2385 - 2395.
The European session may see a slight recovery and deeper decline, with expectations around 2370-2373. The current trend in the Asian-European session remains sell, with the possibility of buying on a bounce at 2370-2373.
Recommended orders:
Plan 1: SELL XAUUSD zone 2396 - 2398
SL 2402
TP 2393 - 2383 - 2365.
Plan 2: BUY XAUUSD zone 2370-2373
SL 2367
TP 2376 - 2385 - 2395.
Note
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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.