⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extends its upward momentum for the third consecutive day on Wednesday, reaching its highest level since November 1 near the $2,750 mark during the Asian session. This rally is driven by safe-haven demand amid uncertainty surrounding US President Donald Trump's trade policies. Additionally, a recent drop in US Treasury bond yields, supported by expectations of two Federal Reserve (Fed) rate cuts this year, provides further support for the non-yielding yellow metal.
⭐️Personal comments NOVA:
Long-term Uptrend remains, expect higher price zones 2756, 2774
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2720 - $2718 SL $2713
TP1: $2728
TP2: $2735
TP3: $2748
🔥SELL GOLD zone: $2755 - $2757 SL $2760 scalping
TP1: $2750
TP2: $2745
TP3: $2740
🔥SELL GOLD zone: $2774 - $2776 SL $2781
TP1: $2765
TP2: $2758
TP3: $2750
⭐️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