⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) hit a record high on Monday, driven by a weaker US Dollar and expectations of deeper Federal Reserve rate cuts. Geopolitical tensions in the Middle East are also boosting demand for safe-haven assets like gold.
Traders are watching the US Purchasing Managers Index (PMI) data, due later Monday. A stronger-than-expected result could strengthen the USD, potentially pressuring Gold prices.
⭐️Personal comments NOVA:
Buying pressure is still strong - wait for new ATH areas: 2638 then steadily reduce liquidity below
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2603 - $2601 SL $2596
TP1: $2610
TP2: $2620
TP3: $2630
🔥SELL GOLD zone: $2638 - $2640 SL $2645
TP1: $2630
TP2: $2615
TP3: $2602
⭐️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