Gold continues to rise - waiting for a correction

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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices continued to rise for the fourth consecutive day, approaching the 50-day Simple Moving Average (SMA) as heightened tensions in the Russia-Ukraine conflict increased demand for the safe-haven metal. XAU/USD is trading at $2,672, near weekly highs, with a gain of over 0.80%.

Concerns escalated after reports suggested Russia had launched an Intercontinental Ballistic Missile (ICBM) on Ukraine. However, a Western official cited by Reuters clarified that no ICBM was used on Thursday.

⭐️Personal comments NOVA:
H1 frame is still a very stable price increase - aiming for above 2700 area, waiting for corrective reaction

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2706 - $2708 SL $2713
TP1: $2695
TP2: $2680
TP3: $2660


🔥BUY GOLD zone: $2640 - $2642 SL $2635
TP1: $2650
TP2: $2660
TP3: $2670

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Dagangan aktif
+ 40 PIPS , GREAT plan day XAU SELL 2706-2708
Dagangan ditutup: sasaran tercapai
+ 130 pips, great PLAN DAY SELL 2706-2708
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