#XAU Waiting for the adjustment rhythm, the deep drop of Gold.
Market analysis for Gold (XAUUSD) on November 20, 2024:
Yesterday, the gold price continued to recover after the previous adjustment. However, when it reached the resistance zone of 2640, the price reacted by nearly 20 points, indicating that sellers have emerged in this area.
Today's trading trend: SELL.
Key price levels to watch:
🔴SELL zone: 2648 - 2653, 2662 - 2667.
🔴BUY zone: 2623 - 2627, 2611 - 2616, and 2598 - 2603.
Recommended orders:
Plan 1: SELL XAUUSD zone 2651 - 2653
SL 2656
TP 2648 - 2640 - 2620 - 2600 - open.
Plan 2: SELL XAUUSD zone 2661-2663
SL 2667
TP 2658 - 2650 - 2640 - 2600 - open.
Plan 3: BUY XAUUSD zone 2601 - 2603
SL 2598
TP 2606 - 2615 - 2620 - 2630.
Yesterday, the gold price continued to recover after the previous adjustment. However, when it reached the resistance zone of 2640, the price reacted by nearly 20 points, indicating that sellers have emerged in this area.
Today's trading trend: SELL.
Key price levels to watch:
🔴SELL zone: 2648 - 2653, 2662 - 2667.
🔴BUY zone: 2623 - 2627, 2611 - 2616, and 2598 - 2603.
Recommended orders:
Plan 1: SELL XAUUSD zone 2651 - 2653
SL 2656
TP 2648 - 2640 - 2620 - 2600 - open.
Plan 2: SELL XAUUSD zone 2661-2663
SL 2667
TP 2658 - 2650 - 2640 - 2600 - open.
Plan 3: BUY XAUUSD zone 2601 - 2603
SL 2598
TP 2606 - 2615 - 2620 - 2630.
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