Sideway rhythm - recovers and continues to decrease

٧ نوفمبر

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold (XAU/USD) continues to decline for a second straight session on Thursday, pressured by a stronger US Dollar following Donald Trump’s election victory.

The reduced demand for safe-haven assets like gold reflects market optimism and a shift towards “Trump trades,” spurred by the clarity of the election outcome, which contrasts with earlier fears of a contested result.

⭐️Personal comments NOVA:
Yesterday's strong sell-off - proving the downward trend in gold prices by the end of 2024. Sideway rhythm - accumulates and continues to decrease to lower levels: 2606

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2678 - $2680 SL $2685
TP1: $2670
TP2: $2660
TP3: $2650


🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping
TP1: $2650
TP2: $2658
TP3: $2670

🔥BUY GOLD zone: $2606 - $2604 SL $2599
TP1: $2620
TP2: $2635
TP3: $2650

⭐️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

٧ نوفمبر

تم فتح الصفقة

The market is optimistic about the next interest rate cut today - good for gold. Gold price recovered around the 2700 area

٧ نوفمبر

تم حذف الأمر

Gold prices continue to recover ahead of the FED's interest rate announcement this November