XAUUSD July 24, 2024 Where will the rally go?
As in the previous day's forecast, after the 5-wave trend is the ABC correction wave
- Looking at H1 we can label wave a and wave b as shown on the chart. Currently, we expect wave C to complete so we can enter orders
- Wave C target we measure 2 targets: price range 2420 and price range 2433.
- After completing the next abc correction, it will be a 5-wave pattern following the previous downtrend
Trading plan
SELL ZONE: 2431 - 2435
SL: 2440
TP1: 2411
TP2: 2394
TP3: 2382
BUY ZONE: 2476 - 2471
SL: 2466
TP1: 2382
TP2: 2394
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