ATH XAU ! 2638 and adjusted DOWN

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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold (XAU/USD) hit a record high on Monday, driven by a weaker US Dollar and expectations of deeper Federal Reserve rate cuts. Geopolitical tensions in the Middle East are also boosting demand for safe-haven assets like gold.

Traders are watching the US Purchasing Managers Index (PMI) data, due later Monday. A stronger-than-expected result could strengthen the USD, potentially pressuring Gold prices.

⭐️Personal comments NOVA:
Buying pressure is still strong - wait for new ATH areas: 2638 then steadily reduce liquidity below

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2603 - $2601 SL $2596
TP1: $2610
TP2: $2620
TP3: $2630


🔥SELL GOLD zone: $2638 - $2640 SL $2645
TP1: $2630
TP2: $2615
TP3: $2602


⭐️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 created ATH 2631 during the Asian session and sideways this price range
Dagangan aktif
Gold corrects downward after reaching new ATH of 2631
Dagangan aktif
Gold price shows strong buying force - wants to break ATH 2631 in the US session
Beyond Technical AnalysisgoldpriceTechnical IndicatorssellgoldsellsignalsellsignalsshorttradeshortxauusdTrend Analysisxausellxauusdshortxauusdsignal

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