Gold Spot / U.S. Dollar
Long
Updated

breakout - gold price rebounds 3045

816
⭐️GOLDEN INFORMATION:

Gold prices remained stagnant late in the North American session, constrained by a rebound in the US Dollar Index (DXY), which initially dipped to 104.18 before recovering. The turnaround came after the White House confirmed that President Donald Trump would unveil new automobile tariffs around 22:00 GMT. As of writing, XAU/USD is trading at $3,019, showing little change.

Despite reports from The Wall Street Journal suggesting that Trump may introduce limited tariff measures, including on automobiles, bullion traders struggled to find momentum. Meanwhile, the DXY, which measures the Greenback against a basket of six major currencies, climbed 0.32% to 104.55, further weighing on gold’s appeal.

⭐️Personal comments NOVA:

Gold price recovers, breakout of H1 frame. With the latest 25% car tax policy, gold price reacts strongly and increases again.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3045 - $3047 SL $3052
TP1: $3038
TP2: $3030
TP3: $3020


🔥BUY GOLD zone: $3023 - $3021 SL $3016
TP1: $3030
TP2: $3040
TP3: $3057

⭐️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
Trade active
Exact trends. Gold price returns to 3055 and then strongly adjusted

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