XAU increased sharply! Continued bullish FOMO

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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rises for the fourth consecutive day, marking six positive days out of seven, and surpasses the $2,700 mark to reach a new record high during Friday's Asian session. Key factors driving this upward trend include anticipated rate cuts by major central banks, Middle East tensions, and uncertainty around the US Presidential election.

Thursday's strong US data reinforced expectations of moderate rate cuts by the Federal Reserve (Fed), which boosted the US Dollar to its highest level since early August. However, this hasn't dampened the bullish momentum for Gold, which is set for strong weekly gains.

⭐️Personal comments NOVA:
Gold prices show a crazy bull run in 2024 - continuing the crazy uptrend. Above the $2700 zone

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2733 - $2735 SL $2740
TP1: $2725
TP2: $2715
TP3: $2700


🔥BUY GOLD zone: $2684 - $2686 SL $2679
TP1: $2692
TP2: $2700
TP3: $2710


⭐️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
- The winner is the one who sticks with the market the longest
Dagangan aktif
Gold price reached all-time high ATH - 2714 - and is correcting downward. But the buying volume is still very high
Pesanan dibatalkan
Gold price sideways price range 2700-2720 after reaching ATH 2717
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