Gold Spot / U.S. Dollar
Short
Updated

Gold price start to adjust yet?

877
⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) face renewed selling pressure during the Asian session on Friday, retreating toward the $3,030 level in recent trading, inching closer to the previous session’s low. The US Dollar (USD) maintains its upward trajectory for the third consecutive day, prompting some profit-taking on the precious metal ahead of the weekend. However, a confluence of supportive factors is likely to keep bullion resilient, positioning it for a third consecutive week of gains.

⭐️Personal comments NOVA:

Breaking the trend, has gold price really been in the weekend price adjustment rhythm? According to NOVA, it has started. Before the tax policies in early April, the market needs a little balance in terms of liquidity on the selling side.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3040 - $3042 SL $3047
TP1: $3030
TP2: $3020
TP3: $3010

🔥BUY GOLD zone: $3019 - $3017 SL $3014 scalping
TP1: $3023
TP2: $3030
TP3: $3040

🔥BUY GOLD zone: $3000 - $3002 SL $2995
TP1: $3010
TP2: $3020
TP3: $3030

⭐️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
+ 170 pips , signal BUY 3000-3002 . Crazy signal BUY

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