Gold Spot / U.S. Dollar
Long
Updated

3270, waiting for new ATH gold price

675
⭐️GOLDEN INFORMATION:

Gold prices eased during Monday's Asian session as risk sentiment improved, prompting a shift away from safe-haven assets. The upbeat market tone followed Wall Street’s strong rebound on Friday and encouraging developments in the ongoing US–China tariff dispute, temporarily reducing upward pressure on the yellow metal.

Last week, China retaliated against the US’s 145% tariff hike by imposing 125% duties on American goods but later signaled it would not respond to any additional escalations. Over the weekend, President Donald Trump floated the idea of targeting Chinese semiconductors and electronics with a separate 20% tariff—indicating a possible shift in strategy from across-the-board tariffs to more focused trade measures.

⭐️Personal comments NOVA:

Gold price, buying volume maintained, continuing the upward trend: 3260, 3270

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone : 3270- 3272 SL 3277
TP1: $3260
TP2: $3250
TP3: $3240

🔥BUY GOLD zone: $3168 - $3166 SL $3161
TP1: $3175
TP2: $3190
TP3: $3200

⭐️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 decreases below 3200, the adjustment rate decreases

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