Gold Spot / U.S. Dollar
Short
Updated

Gold declines, accumulate and wait for April news

869
⭐️GOLDEN INFORMATION:

Gold price (XAU/USD) continues its pullback, slipping toward $3,025 in early Asian trading on Monday. The metal retreats from Thursday’s record high, driven by renewed optimism over a potential Ukraine peace deal. However, expectations of Federal Reserve (Fed) rate cuts and lingering economic uncertainties could provide support, limiting further downside for the yellow metal.

⭐️Personal comments NOVA:

Gold is under pressure to sell and take profits in the short term. There is still a lot of liquidity in the 3000 price zone. The price will continue to accumulate around $3000.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3031 - $3033 SL $3038
TP1: $3020
TP2: $3010
TP3: $3000


🔥BUY GOLD zone: $2991 - $2993 SL $2986
TP1: $3000
TP2: $3008
TP3: $3017

⭐️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
+ 75 pips , nice profit sell 3031-3033

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