Gold Spot / U.S. Dollar
Short
Updated

Gold short term recovery, bulls try

1 038
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

US real yields, which typically move opposite to gold prices, fell by four basis points to 2.039%, providing support for XAU/USD.

Meanwhile, the World Gold Council (WGC) reported that central banks acquired over 1,000 tons of gold for the third year in a row in 2024. Following Trump’s election victory, central bank purchases soared by more than 54% year-over-year, reaching 333 tons, according to WGC data.

⭐️Personal comments NOVA:

Short recovery at the beginning of the week, still in the accumulation process, no important news, gold is not affected too much

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2916 - $2918 SL $2921 scalping
TP1: $2912
TP2: $2907
TP3: $2900

🔥SELL GOLD zone: $2940 - $2942 SL $2947
TP1: $2930
TP2: $2920
TP3: $2910

🔥BUY GOLD zone: $2878 - $2880 SL $2873
TP1: $2885
TP2: $2892
TP3: $2900

⭐️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
+ 85 pips , signal SELL zone 2916. Nice profit
Trade closed: target reached
Gold price recovery transaction over 2930

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