Expectations for the US session on 8/8/2024:
The Asia-Europe session is mainly sideways in the 2392-2400 area. This is a sign of accumulation awaiting the US July Unemployment Rate.
In terms of technical analysis: the downward trend correction is still being maintained, a recovery from the 2380 area could form peaks in the 2410-2413 or 2427-2434 areas. Price levels to note: SELL: 2400-2404, 2410-2413, and 2425-2434; BUY: 2367-2371 and 2351-2355.
Recommended orders:
Plan 1: SELL XAUUSD zone 2410-2413
SL 2416
TP 2400 - 2390 - 2377 - 2355.
Plan 2: SELL XAUUSD zone 2427-2430
SL 2435
TP 2415 - 2400 - 2377 - 2355.
Plan 3: BUY XAUUSD zone 2375 - 2377
SL 2370
TP 2390 - 2400 - 2410.
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