SIDEWAY gold! 2627 - 2660 competitive price range

Updated
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) pulled back from a one-week high on Monday, ending a two-day winning streak as the US Dollar (USD) strengthened. Investors no longer expect a significant rate cut from the Federal Reserve (Fed) in November, keeping US Treasury yields high and attracting investment away from the non-yielding gold.

Additionally, disappointment over China's fiscal stimulus and weak inflation data over the weekend further dampened investor confidence, weighing on gold prices. However, ongoing geopolitical tensions in the Middle East helped gold find support above the $2,640 level during Tuesday's Asian session, limiting further losses.

⭐️Personal comments NOVA:
The psychology of waiting for November interest rates was clearly shown this week. There is not much news announced, Gold price is sideways in the price range 2627 - 2660

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2636 - $2634 SL $2631 scalping
TP1: $2642
TP2: $2650
TP3: $2655

🔥BUY GOLD zone: $2629 - $2627 SL $2622
TP1: $2635
TP2: $2642
TP3: $2650


🔥SELL GOLD zone: $2660 - $2662 SL $2667
TP1: $2650
TP2: $2640
TP3: $2630


⭐️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
Trade active
Gold price recovered during the European session when it touched support zone 2640
Order cancelled
Waiting for entry price range SELL 2660-2662, sideway continues today
Trade active
+ 55 pips , PLAN DAY SELL 2660-2662
Trade closed: stop reached
Gold price sweeps liquidity to resistance H4 2668. Wait for a downward adjustment
Beyond Technical AnalysisgoldpricegoldsellTechnical IndicatorssellgoldsellsetupsellsignalshortsetupshorttradeTrend Analysisxauusdshortxauusdsignal

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✅ Trading Idea / Setup / Technical.

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