⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) pulled back from record highs on Wednesday, dropping to around $2,655 in the European session. A risk-on sentiment and overbought conditions led to profit-taking, while a slight US Dollar uptick added pressure. However, expectations of aggressive Fed policy easing may limit the USD's strength, supporting gold.
Geopolitical tensions in the Middle East and US political uncertainty ahead of the November election also help contain gold's downside. Traders await further clues on the Fed's rate-cut path, with attention on FOMC speeches, including Fed Chair Powell's on Thursday, and the US PCE Price Index on Friday. metal.
⭐️Personal comments NOVA:
Still a strong bullish force reaching the all-time highest ATH of 2670. The fomo from the market may continue throughout this week
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2626 - $2628 SL $2620
TP1: $2635
TP2: $2642
TP3: $2650
🔥SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2670
TP2: $2655
TP3: $2640
⭐️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