ATH - strong increase !!! XAU UP

By Nova-Scalper
Updated
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) fails to capitalize on its Asian session gains, trading with modest intraday gains. A slight uptick in the US Dollar prompts profit-taking due to an overbought RSI on the daily chart. The pullback is also influenced by the overall risk-on sentiment in global equity markets.

⭐️Personal comments NOVA:
Gold price continues to reach ATH in Tuesday's Asian session, new peak at 2484. Bulls dominate - rising momentum shows no signs of stopping

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2442 - $2440 SL $2435
TP1: $2450
TP2: $2465
TP3: $2480

🔥BUY GOLD zone: $2449 - $2451 SL $2444
TP1: $2458
TP2: $2465
TP3: $2480

🔥SELL GOLD zone: $2500 - $2502 SL $2507
TP1: $2490
TP2: $2480
TP3: $2470


⭐️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
- The winner is the one who sticks with the market the longest
Comment
Gold price adjusted back down to the 2460 area after a crazy increase
Comment
Gold price returned to 2480 in today's European session
Comment
Gold price sideways around 2460-2470 during the European session
Comment
Gold price continues its strong upward trend back to the 2480 area
Comment
Gold price reached ATH 2484 then dropped sharply back to 2460 to fill liquidity
Comment
Gold price corrected around 2450
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Nova-Scalper
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