Gold Spot / U.S. Dollar
Long
Updated

trendline H1, gold price follows the main trend of increasing

649
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

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:

Sideway and accumulation continue the uptrend back to the $3000 price zone

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $3021 - $3023 SL $3028
TP1: $3010
TP2: $3000
TP3: $2990

🔥BUY GOLD zone: $2940 - $2942 SL $2935
TP1: $2950
TP2: $2960
TP3: $2970

⭐️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
The trend of price increase continues on 2980

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