Monday - slight adjustment down XAU

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⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) surged to a new record above the $2,500 mark on Friday, supported by several factors. The US Dollar (USD) faced renewed selling pressure, dropping near its lowest level since January, which boosted gold. Additionally, ongoing geopolitical risks from the Middle East conflicts and the prolonged Russia-Ukraine war further lifted the safe-haven metal.

On Monday, easing recession fears in the US supported a risk-on sentiment, putting some pressure on gold during the Asian session. Traders are also cautious, waiting for more clarity on the Federal Reserve's (Fed) policy direction before making significant moves. Attention now turns to the release of the FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium.

⭐️Personal comments NOVA:
Gold has made new progress in the price increase, over 25xx. The possibility of new ATH price zones appearing is very high, in the context of military tension and upcoming interest rate cuts.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2488 - $2490 SL $2485 scalping ( Asian and European trading sessions )
TP1: $2495
TP2: $2502
TP3: $2510

🔥BUY GOLD zone: $2474 - $2476 SL $2469
TP1: $2485
TP2: $2500
TP3: $2510

🔥SELL GOLD zone: $2530 - $2532 SL $2537
TP1: $2520
TP2: $2510
TP3: $2500


⭐️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
- The winner is the one who sticks with the market the longest
Dagangan aktif
Gold price moved sideways around 2500 in the second Asian session
Dagangan aktif
Gold price on Monday will continue to move sideways around the 2490 - 2510 area, can set up BUY 2490-2488 scalping
Dagangan aktif
Gold price decreased as expected - Downtrend adjusted during the Asia-Europe session
Dagangan aktif
+ 30 pips, PLAN DAY BUY 2488-2490 , nice
Dagangan aktif
+ 60 pips, great PLAN DAY BUY 2488-2490
Dagangan aktif
+ 80 pips, signal PLAN DAY BUY 2488-2490
Dagangan aktif
+ 170 pips , PLAN DAY BUY 2488-2490 , amazing
Dagangan aktif
Near 200 pips, amazing signal BUY PLAN DAY 2488-2490, near FULL TP 3
Beyond Technical AnalysisgoldsellTechnical IndicatorssellgoldsellsetupsellsignalsellxauusdshortsetupshorttradeTrend Analysisxauusdshortxauusdsignal

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