Gold Spot / U.S. Dollar
Long
Updated

sideway, keep waiting for new ATH 3271

652
⭐️GOLDEN INFORMATION:

The US Dollar (USD) continues to face headwinds, failing to mount a meaningful rebound from its lowest level since April 2022, hit last Friday. Lingering concerns over the economic consequences of sweeping tariffs have fueled recession fears, while growing expectations that the Federal Reserve (Fed) will soon restart its rate-cutting cycle keep USD bulls on the back foot. This environment continues to favor the non-yielding Gold, offering support to XAU/USD. However, a temporary tariff reprieve announced by President Trump has helped lift overall market sentiment, potentially limiting further gains in bullion.

⭐️Personal comments NOVA:

No news at the beginning of the week, gold price is sideways waiting for price increase and continue to create new ATH

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone : 3271- 3273 SL 3277
TP1: $3260
TP2: $3250
TP3: $3240

🔥SELL GOLD zone : 3244- 3246 SL 3250 scalping
TP1: $3240
TP2: $3230
TP3: $3220

🔥BUY GOLD zone: $3189 - $3187 SL $3182
TP1: $3195
TP2: $3210
TP3: $3225

⭐️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
Trade active
Market sideway around 3210-3230

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