Continue short-term correction 2709 ! XAU

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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset.

However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices.

⭐️Personal comments NOVA:
H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2750 - $2752 SL $2758
TP1: $2740
TP2: $2730
TP3: $2720


🔥BUY GOLD zone: $2709 - $2711 SL $2704
TP1: $2718
TP2: $2730
TP3: $2740

⭐️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
Dagangan aktif
Gold price increased - found the small liquidity zone in the Asian session - touching the H1 trendline

Moved 1/3 of NOVA's plan

What a wonderful day today: FRIDAY
Pesanan dibatalkan
Gold price is mainly sideways today in the price range 2720-2745
Dagangan aktif
Gold price surpassed the 2740 mark - recovering slightly in the last session of the week
Beyond Technical AnalysisTechnical IndicatorssellgoldsellsetupsellsignalshortgoldshortsetupshorttradeTrend Analysisxauusdsellxauusdshortxauusdsignal

Dear My Friends,

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✅ Trading Idea / Setup / Technical.

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