Gold Spot / U.S. Dollar
Long
Updated

Bears maintain selling pressure, pressure below $3000

896
⭐️GOLDEN INFORMATION:

Gold price (XAU/USD) faces difficulty in securing strong momentum during Tuesday’s Asian session but remains above the key $3,000 level amid mixed market signals. The US Dollar (USD) sustains its recovery from a multi-month low, hovering near Monday’s three-week high. Additionally, improved risk sentiment—fueled by optimism surrounding a potential Russia-Ukraine peace deal, less disruptive US trade tariffs, and China’s stimulus measures—dampens demand for the safe-haven metal.

⭐️Personal comments NOVA:

Selling pressure from bears continues to cause gold prices to fall and sideways around 3000

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3038 - $3040 SL $3045
TP1: $3030
TP2: $3020
TP3: $3010


🔥BUY GOLD zone: $2992 - $2994 SL $2987
TP1: $3000
TP2: $3008
TP3: $3018

⭐️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
Trade active
Sideway gold price around 3010 - 3020 in the European session

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