short correction, continue to create new ATH

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⭐️GOLDEN INFORMATION:

Gold (XAU/USD) consolidates near record highs just below $3,600 on Monday, pausing after Friday’s surge. A modest US Dollar rebound and upbeat equity sentiment cap gains, though expectations of aggressive Fed rate cuts and continued central bank buying underpin the metal. Overbought conditions may limit fresh upside ahead of key US inflation data later this week.


⭐️Personal comments NOVA:

Selling pressure, short-term profit taking at ATH 3600. Gold price adjusted down to accumulate for the upcoming big uptrend.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3612- 3614 SL 3619
TP1: $3600
TP2: $3590
TP3: $3580


🔥BUY GOLD zone: $3563-$3561 SL $3556
TP1: $3570
TP2: $3580
TP3: $3590


⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account

Penafian

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