Gold prices continue to increase today !

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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices continue to rise, marking their third consecutive day of gains, as risk aversion drives demand for safe-haven assets despite a strong US Dollar. The precious metal has gained over 3.40% this week, with buyers targeting the $2,700 level. At the time of writing, XAU/USD trades at $2,650, up 0.69%.

The recent dip to a two-month low of $2,536 was largely due to profit-taking following Donald Trump's victory in the US presidential election. Concerns that some of his policies could reignite inflation pushed US Treasury yields higher and supported the Greenback.

⭐️Personal comments NOVA:
The break of the H1 and H4 trends shows that gold price increases, reversing from decreasing to increasing

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650

Pay attention to the resistance area at 2672 and support at 2640

🔥BUY GOLD zone: $2614 - $2612 SL $2607
TP1: $2625
TP2: $2640
TP3: $2655

⭐️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

قبل ٤ أيام

تم فتح الصفقة

The sideway gold price is around 2665, still on the upward trend of recovery