Analysis of the gold trend in the Europe - America session on August 22, 2024:
The analysis from yesterday was completely accurate as gold has confirmed the current peak at 2531. The deep correction trend continues, albeit slowly, due to political situations and investor sentiment. Today, there will be news affecting USD and GOLD, leading to the possibility of establishing new peaks before further adjustments. The trading trend for today is SELL.
Key price areas to watch: SELL zone: 2517 - 2523, 2525 - 2527, and 2538 - 2541. BUY zone: 2500 - 2503 and 2494 - 2497.
Recommended orders:
Plan 1: SELL XAUUSD zone 2517 - 2519 SL 2523 TP 2514 - 2505 - 2495 - 2450.
Plan 2: SELL XAUUSD zone 2525 - 2527 SL 2531 TP 2520 - 2510 - 2500 - 2450.
Plan 3: BUY XAUUSD zone 2500 - 2502 SL 2496 TP 2507 - 2515 - 2520.
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