Gold price continues to go sideways - adjusting downward

Updated
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) reversed course from near-record highs and dropped below the $2,500 level after Friday's US jobs report. The mixed data lowered expectations of a 50 basis point rate cut by the Fed, leading to some US Dollar recovery and putting pressure on gold.

However, fears of a US economic downturn and ongoing conflict between Israel and Hamas kept demand for safe-haven assets like gold steady. These factors, along with the potential start of the Fed’s rate-cutting cycle, caution against a bearish outlook for XAU/USD.

⭐️Personal comments NOVA:
Gold price adjusts to a short-term decrease - creating more liquidity for the expectation of price increase to create a new ATH

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2472 - $2470 SL $2465
TP1: $2480
TP2: $2490
TP3: $2500


🔥SELL GOLD zone: $2505 - $2507 SL $2512
TP1: $2498
TP2: $2490
TP3: $2480


⭐️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 dropped sharply on Monday morning - returning to the 2480 area
Trade active
Gold price continued sideways in the range of 2485 - 2500 on Monday
Trade active
Gold price increased - recovered slightly in the European session, above 2490
Trade active
Gold price increased again above the 2500 zone - the American session began
Trade active
+ 35 pips, Plan day SELL 2505-2507 , nice
Trade active
+ 90 pips, signal PLAN DAY SELL 2505-2507
Trade active
Gold price sideway around 2500. A price accumulation zone is very important for the upcoming trend
Beyond Technical AnalysisgoldpriceTechnical IndicatorssellgoldsellsignalsellxauusdshortsetupshorttradeTrend Analysisxauusdsellxauusdshortxauusdsignal

Dear My Friends,

NOVA returns and updates new information

✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.

✅ NEW UPDATE : Signals free in Telegram:

t.me/+1mFSljRaI5RlNjg1
Also on:

Related publications

Disclaimer