Gold Spot / U.S. Dollar
Short
Updated

continue downtrend , GOLD

720
⭐️GOLDEN INFORMATION:

Gold price (XAU/USD) holds steady above the key $3,000 level for the second consecutive day on Wednesday, though it struggles to reclaim the previous session’s peak. Ongoing uncertainty surrounding US President Donald Trump’s proposed reciprocal tariffs set for next week continues to bolster demand for the safe-haven metal. At the same time, the US Dollar (USD) remains under pressure following Tuesday’s weaker-than-expected macroeconomic data, providing additional support for gold’s upward momentum.

⭐️Personal comments NOVA:

Gold price continues to decrease, around 2990 - 3000

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3039 - $3041 SL $3046
TP1: $3030
TP2: $3020
TP3: $3010


🔥BUY GOLD zone: $2992 - $2990 SL $2985
TP1: $3000
TP2: $3008
TP3: $3018

⭐️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
Continue Sideway around 3020-3030

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