Scalping XAU! sideway accumulates Gold price today

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing difficulty in taking advantage of the small gains made yesterday and is fluctuating within a tight trading range, remaining below the significant psychological level of $2,000 during the first half of the European session. Currently, investors are hesitant to make bold bets on the market's direction and are instead waiting for further clarification on the Federal Reserve's plans regarding interest rate hikes.

⭐️Personal comments NOVA:
Sideway accumulation zone, suitable for scalping. The price trend is still following the rhythm of downward adjustment and BUY recovery

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1988 - $1990 SL $1985 Scalping
TP1: $1993
TP2: $1996
TP3: $2000


⭐️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
- The winner is the one who sticks with the market the longest

تعليق:

The price has completed accumulation and approached the 2008-2010 resistance zone. Nova thinks it will not be possible to break through this area now