XAU/USD 24.11.2024

2024年11月24日

XAUUSD
Hello Traders,

Welcome to my chart update for the upcoming week!

Currently, we might be experiencing a small correction. I now interpret that we completed a 1-2-3 move on October 30. As a result, we could potentially be forming an ABC structure within wave 4.

Wave (A) might be seen as an ABC move, but it's too messy for me to draw it accurately. The upward movement to wave (B), however, could be counted as a 1-2-3-4-5 move.

The target for wave 5 is particularly interesting. It aligns closely with the Fibonacci entry levels from wave (B) and matches almost perfectly with my volume indicator.

So, folks, remember: don’t trade emotionally. Wait for the price to enter the target zone, and then look for signs of short volume at the specific levels. The take-profit (TP) level would be at the end of wave (C).

Wave (C) can be charted once wave (B) has been rejected. From there, we would expect a 1-2-3-4-5 setup downward, with the fifth wave marking the (C) target.

Good luck, and stay calm!

2024年11月25日

交易進行

Sell entered in the white area sl above. there shouldn't be a higher high for the moment and if there is an new high then my calculation should be revise