XAUUSD July 25, 2024 Where will the drop end?

25 Jul

Yesterday I gave you a plan to sell at 2431 - 2434, we filled TP3 with a profit of 600 pips.

- Today the price has dropped to the 2370 price range, surpassing the 2382 price range, so the purple wave C in the purple ABC correction wave has been confirmed.
- Looking at the sharp decline in price moving quickly and sharply, we expect this to be wave 3 in a series of 5 waves of the purple wave C
- Our task is to determine the ending point of wave 5 in the purple wave C and that is also the ending point of the purple wave C to start BUY.
- Measuring the target of wave 5 as well as the purple wave C, we have target price zones ending at 2365 and 2349.

Trading plan
BUYZONE 2465 - 2462
SL: 2455
TP1: 2382
TP2: 2394
TP3: 2399

SELL ZONE: 2411 - 2414
SL: 2421
TP1: 2400
TP2: 2394
TP3: 2382