Gold Spot / U.S. Dollar
Long
Updated

3074 ! Next price zone, gold ATH reached

594
⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) continue their consolidation phase into the European session on Thursday, as traders exercise caution amid slightly overbought conditions. Additionally, a prevailing risk-on sentiment limits the metal’s intraday advance to a new record high. However, downside risks remain contained due to lingering uncertainty surrounding US President Donald Trump’s aggressive trade policies and their potential ramifications for the global economic outlook.

⭐️Personal comments NOVA:

Bulls continue their excitement, pushing prices higher, amid global trade tensions.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3062 - $3064 SL $3067 scalping
TP1: $3058
TP2: $3050
TP3: $3040

🔥SELL GOLD zone: $3073 - $3075 SL $3080
TP1: $3065
TP2: $3050
TP3: $3040

🔥BUY GOLD zone: $3003 - $3001 SL $2996
TP1: $3009
TP2: $3015
TP3: $3023

⭐️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
Gold price begins to adjust and trade around 3030

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