⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) reached a new one-month high during Thursday's Asian session but struggled to sustain momentum above the $2,700 level. Reduced concerns about US President-elect Donald Trump's proposed trade tariffs and expectations of two potential Federal Reserve (Fed) rate cuts this year have supported positive market sentiment. However, a slight uptick in the US Dollar (USD) has limited further gains for the safe-haven metal.
⭐️Personal comments NOVA:
Short and long trends are both supporting the uptrend - resistance zone 2720 H4 frame waiting for price to reach today
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2677 - $2675 SL $2670
TP1: $2685
TP2: $2692
TP3: $2700
🔥SELL GOLD zone: $2720 - $2722 SL $2727
TP1: $2710
TP2: $2700
TP3: $2690
⭐️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