#XAU Large sideways amplitude, accumulating for an upward cycle.
Trading trend analysis for September 12, 2024:
As noted on September 11, 2024, gold prices have yet to break the resistance level of 2527 - 2531, and prices continue to move sideways within the H4 timeframe. Currently, this sideways range is quite broad: 2483 - 2531. However, the D and W timeframes indicate that this is a bullish accumulation phase.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2519 - 2524 and 2527 - 2531.
BUY zone: 2508 - 2511, 2500 - 2505, and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2519 - 2521
SL 2524
TP 2516 - 2510 - 2500 - 2495.
Plan 2: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2524 - 2515 - 2505 - 2495.
Plan 3: BUY XAUUSD zone 2493 - 2495
SL 2490
TP 2500 - 2510 - 2520 - 2525.
As noted on September 11, 2024, gold prices have yet to break the resistance level of 2527 - 2531, and prices continue to move sideways within the H4 timeframe. Currently, this sideways range is quite broad: 2483 - 2531. However, the D and W timeframes indicate that this is a bullish accumulation phase.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2519 - 2524 and 2527 - 2531.
BUY zone: 2508 - 2511, 2500 - 2505, and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2519 - 2521
SL 2524
TP 2516 - 2510 - 2500 - 2495.
Plan 2: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2524 - 2515 - 2505 - 2495.
Plan 3: BUY XAUUSD zone 2493 - 2495
SL 2490
TP 2500 - 2510 - 2520 - 2525.
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