Gold Spot / U.S. Dollar
Short
Updated

SIDEWAY waiting for news this week

814
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

As a result, investors turned to bullion for safety, driving prices toward the $2,900 mark. Meanwhile, the US 10-year Treasury yield dropped two basis points to 4.176%, its lowest level since December 2024.

Commenting on the economy, St. Louis Fed President Alberto Musalem acknowledged steady economic growth but cautioned that recent data indicate potential downside risks.

⭐️Personal comments NOVA:

Continue in correction phase - gold price under selling pressure below 2900. Sideway and waiting for important news this week

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2851 - $2853 SL $2846
TP1: $2860
TP2: $2870
TP3: $2880

🔥SELL GOLD zone: $2898 - $2900 SL $2905
TP1: $2890
TP2: $2880
TP3: $2870

⭐️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
Growth today thanks to tax policies applied, $3000 target becomes optimistic again

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