#XAUUSD/H4 Gold: Will it continue to recover or adjust?
Market outlook for the European-American trading session on November 19, 2024:
Yesterday's trading session witnessed a strong recovery in gold prices. However, the possibility of gold continuing to rise in the long term remains uncertain. The likelihood of gold still being in a short-term correction trend is very high.
Today's trading trend: SELL.
Key price levels to pay attention to:
🔴SELL zone: 2625-2630, 2640-2645, and 2660-2665.
🔴BUY zone: 2598-2603, 2578-2583, and 2553-2558.
Recommended orders:
Plan 1: SELL XAUUSD zone 2641 - 2643
SL 2646
TP 2638 - 2630 - 2620 - 2600.
Plan 2: SELL XAUUSD zone 2665 - 2667
SL 2670
TP 2662 - 2650 - 2630 - 2600.
Plan 3: BUY XAUUSD zone 2597 - 2599
SL 2594
TP 2602 - 2610 - 2620 - 2640.
Yesterday's trading session witnessed a strong recovery in gold prices. However, the possibility of gold continuing to rise in the long term remains uncertain. The likelihood of gold still being in a short-term correction trend is very high.
Today's trading trend: SELL.
Key price levels to pay attention to:
🔴SELL zone: 2625-2630, 2640-2645, and 2660-2665.
🔴BUY zone: 2598-2603, 2578-2583, and 2553-2558.
Recommended orders:
Plan 1: SELL XAUUSD zone 2641 - 2643
SL 2646
TP 2638 - 2630 - 2620 - 2600.
Plan 2: SELL XAUUSD zone 2665 - 2667
SL 2670
TP 2662 - 2650 - 2630 - 2600.
Plan 3: BUY XAUUSD zone 2597 - 2599
SL 2594
TP 2602 - 2610 - 2620 - 2640.
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