Has the Gold price finished adjusting DOWN yet?

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Despite the early Asian session rebound of the US Dollar (USD), the price of gold (XAU/USD) remains in positive territory. The demand for the Greenback has been strengthened by the better-than-anticipated US labor data from Friday. However, the upcoming inflation data for this week will hold significant importance. Currently, the gold price is trading at $2,045, registering a 0.06% gain for the day.

⭐️Personal comments NOVA:
At the end of last week's trading session, Gold prices had a certain recovery. But NOVA thinks Gold's DOWN correction has not ended, selling pressure is still there

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2030 - $2032 SL $2024
TP1: $2038
TP2: $2045
TP3: $2058


🔥SELL GOLD zone: $2058 - $2056 SL $2065
TP1: $2050
TP2: $2042
TP3: $2032

⭐️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

Commentaire:

The price has entered the 2030-2032 support zone. Also waiting for an increase from Gold

Commentaire:

+ 25 pips , entry BUY 2030-2032

Commentaire:

+ 35 pips, from entry BUY 2030-2032

Commentaire:

Gold price is in need of greater motivation to continue falling

Commentaire:

The price of gold (XAU/USD) continues to decline during the first half of the European session on Monday, moving closer to a two-week low reached after the positive US monthly employment data on Friday. The widely known Nonfarm Payrolls (NFP) report indicated that the US labor market is still strong, causing investors to reduce their expectations for aggressive policy easing by the Federal Reserve (Fed). As a result, US Treasury bond yields remain high, benefiting the US Dollar and leading to a decrease in demand for gold, which does not yield any interest.