XAU! Monday sideway range is narrow

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) starts the new week on a weaker note, continuing the decline that began on Friday after reaching above the significant $2,000 mark due to disappointing job data from the United States (US). The US Dollar (USD) sees some buying interest as US Treasury bond yields slightly increase, which negatively impacts the value of the precious metal. Additionally, the overall positive sentiment in the stock markets puts downward pressure on gold, causing it to drop below the $1,985 level during the Asian session.

⭐️Personal comments NOVA:
Gold prices did not fluctuate much at the beginning of the week, continuing to sideways around the $1970 - $2000 price range.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1973 - $1975 SL $1965
TP1: $1980
TP2: $1990
TP3: $2002

🔥SELL GOLD zone: $2003 - $2005 SL $2012
TP1: $1995
TP2: $1990
TP3: $1982

⭐️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

Komentarz:

Gold price is currently in the 1982 trendline zone, if it surpasses it, it will reach the BUY 1975 entry point.

Komentarz:

Price increased to 1988 area, still sideway below 10 price

Komentarz:

on Monday with not too much price fluctuation, sideways from the Asian session to the American session