Price target XAU ! ATH 3045

780

⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) continue their upward trajectory for the second consecutive day, marking gains in five of the last six sessions and surging to a new all-time high near the $3,010 mark during Tuesday’s Asian session. Mounting uncertainty surrounding President Donald Trump’s trade tariffs, coupled with growing concerns of a US recession, has strengthened safe-haven demand for the precious metal. Additionally, escalating geopolitical tensions in the Middle East provide further support to bullion. Market expectations of additional Federal Reserve (Fed) rate cuts, reinforced by lackluster consumer spending data released on Monday, further bolster the appeal of the non-yielding yellow metal.

⭐️Personal comments NOVA:

move in the uptrend line, tariff

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3021 - $3023 SL $3026 scalping
TP1: $3017
TP2: $3010
TP3: $3003

🔥SELL GOLD zone: $3044 - $3046 SL $3051
TP1: $3035
TP2: $3020
TP3: $3000

🔥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

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