XAU ! Gold down at the beginning of the week - SELL retest ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) rebound from recent losses seen in the previous session, though trading volumes remain lighter than usual on Monday ahead of the New Year holiday. The precious metal benefits from safe-haven demand as markets await updates on the US economic outlook under the incoming Trump administration and the Federal Reserve’s 2025 interest rate strategy.
Expectations of potential trade tensions driven by Trump’s proposed tariffs and policies could boost risk aversion, increasing gold’s appeal. However, projections of fewer Fed rate cuts in 2025 may limit the upward momentum for the non-yielding metal.
⭐️Personal comments NOVA:
The downtrend has been implemented by the bears, break H1, waiting for the price to continue to decrease to the 2600 area.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2616 - $2618 SL $2621 scalping
TP1: $2613
TP2: $2608
TP3: $2600
⭐️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