Gold price moves up trendline - short term
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⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) gain momentum on Friday, reaching a four-day high near $2,662 during the Asian session. Heightened geopolitical tensions and trade war concerns continue to fuel demand for the safe-haven metal. Additionally, expectations of another Federal Reserve (Fed) rate cut in December and a drop in US Treasury yields further support gold's appeal.
Meanwhile, the likelihood of additional Fed rate cuts has pressured the US Dollar (USD) to a two-week low, boosting gold demand. However, hopes that President-elect Donald Trump's policies will spur inflation and indications of stalled progress in reducing US inflation could make the Fed cautious about further easing. This may limit USD losses and keep a lid on XAU/USD's gains.
⭐️Personal comments NOVA:
H1 frame moves in 2 uptrend lines, gold price moves mainly sideways below the price range of 2700
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2670 - $2672 SL $2675 scalping
TP1: $2665
TP2: $2658
TP3: $2650
🔥SELL GOLD zone: $2688 - $2690 SL $2695
TP1: $2680
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2640 - $2638 SL $2633
TP1: $2650
TP2: $2660
TP3: $2672
⭐️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
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) gain momentum on Friday, reaching a four-day high near $2,662 during the Asian session. Heightened geopolitical tensions and trade war concerns continue to fuel demand for the safe-haven metal. Additionally, expectations of another Federal Reserve (Fed) rate cut in December and a drop in US Treasury yields further support gold's appeal.
Meanwhile, the likelihood of additional Fed rate cuts has pressured the US Dollar (USD) to a two-week low, boosting gold demand. However, hopes that President-elect Donald Trump's policies will spur inflation and indications of stalled progress in reducing US inflation could make the Fed cautious about further easing. This may limit USD losses and keep a lid on XAU/USD's gains.
⭐️Personal comments NOVA:
H1 frame moves in 2 uptrend lines, gold price moves mainly sideways below the price range of 2700
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2670 - $2672 SL $2675 scalping
TP1: $2665
TP2: $2658
TP3: $2650
🔥SELL GOLD zone: $2688 - $2690 SL $2695
TP1: $2680
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2640 - $2638 SL $2633
TP1: $2650
TP2: $2660
TP3: $2672
⭐️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
Transaction en cours
Gold price recovered in the short term back above the 2660 area. Sideways
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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