After the adjustment is completed, the recovery process begins.

Market analysis for XAUUSD trading on November 18, 2024:

Last week's trading session saw a significant correction in gold prices. However, by the end of last week, selling pressure weakened and buying interest re-emerged. It is highly likely that gold prices will begin to recover this week.
Today's trading trend: BUY.

Key price levels to watch:
BUY zone: 2535 - 3540, 2551 - 2556, and 2525 - 2530.
SELL zone: 2595 - 2600 and 2615 - 2620.

Recommended orders:

Plan 1: BUY XAUUSD zone 2556 - 2558
SL 2653
TP 2561 - 2670 - 2580 - 2600.

Plan 2: BUY XAUUSD zone 2539 - 2541
SL 2536
TP 2544 - 2550 - 2560 - 2580 - 2600.

Plan 3: SELL XAUUSD zone 2595 - 2597
SL 2600
TP 2592 - 2580 - 2570 - 2560.