find new ATH 4074 , price increase

549
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) extends gains for a second day, reaching a new record high near $4,060 in Monday’s Asian session. Persistent economic uncertainty from the prolonged US government shutdown, renewed US-China trade tensions, and growing expectations of further Federal Reserve rate cuts continue to support the safe-haven metal. Markets now anticipate two additional rate cuts this year, pressuring the US Dollar and bolstering Gold. However, President Trump’s softer tone on China tariffs has improved overall risk sentiment, capping the metal’s upside for now.

⭐️Personal comments NOVA:

Tariffs, adding momentum for gold prices to continue growing, creating new ATH this week

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 4074 - 4076 SL 4081
TP1: $4060
TP2: $4050
TP3: $4040


🔥BUY GOLD zone: $4000-$4002 SL $3995
TP1: $4010
TP2: $4020
TP3: $4030

⭐️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

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