⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) recover from recent losses during a subdued Monday session, with trading activity lighter than usual ahead of the New Year holiday. The precious metal finds support as markets await clarity on the US economy under the incoming Trump administration and the Federal Reserve's interest rate strategy for 2025.
Safe-haven demand for gold may strengthen if Donald Trump's proposed tariffs and trade policies heighten trade tensions, fueling risk aversion. However, expectations of fewer Fed rate cuts in 2025 could limit the metal's upward potential.
⭐️Personal comments NOVA:
Gold moves in uptrend H1, short term and sideways at the end of the year
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2635 - $2637 SL $2642
TP1: $2628
TP2: $2620
TP3: $2610
🔥BUY GOLD zone: $2617 - $2615 SL $2610
TP1: $2625
TP2: $2632
TP3: $2640
⭐️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