XAUUSD 13/8/2024 Has the Downtrend Started?

13 באוג׳

Yesterday was an unusual bullish day, although we had profit with sell orders, the price increased to the 2476 area, which gave us an extended yellow wave 5, which also means that the black wave 3 has been completed
- Currently the price is in the 4th wave correction, we expect a yellow ABC correction and this is an opportunity for us to trade in the direction of wave 5.
- Trading plan
BUY ZONE: 2442 - 2439
SL: 2432
TP1: 2450
TP2: 2458
TP3: 2469

BUYZONE: 2435 - 2432
SL: 2425
TP1: 2440
TP2: 2450
TP3: 2458

SELL ZONE: 2470 - 2473
SL: 2480
TP1: 2458
TP2: 2450
TP3: 2442

SELL ZONE: 2492 - 2495
SL: 2502
TP1: 2476
TP2: 2469
TP3: 2458