Gold (XAU/USD) consolidates near its record high from the Asian session on Friday, trading within a narrow range. Investor concerns over President Donald Trump's aggressive trade policies and their potential global economic impact sustain demand for the safe-haven metal. Additionally, growing expectations of further monetary easing by the Federal Reserve (Fed) provide additional support to the non-yielding bullion.
⭐️Personal comments NOVA:
The price trend is up, pay attention to the new ATH price zone 3022
⭐️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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.