New ATH , GOLD is comming 3173⭐️GOLDEN INFORMATION:
US President Donald Trump dismissed expectations that the new tariffs would target only a select group of nations with the largest trade imbalances, declaring on Sunday that reciprocal tariffs would apply universally. This announcement, coupled with the existing 25% duties on steel, aluminum, and auto imports, has intensified fears of an escalating global trade war.
Additionally, investors are increasingly convinced that the economic slowdown triggered by these tariffs will pressure the Federal Reserve (Fed) to resume rate cuts, despite persistent inflation concerns. As a result, Gold has surged to a fresh record high, marking its strongest quarterly performance since 1986.
⭐️Personal comments NOVA:
The backdrop of everything from technical to political and economic is supporting the increase in gold prices in the first quarter of 2025. Gold prices have the highest growth in history.
⭐️SET UP GOLD PRICE:
🔥 ATH : SELL 3162 - 3164 SL 3169
TP: 3155 - 3140 - 3127
🔥BUY GOLD zone: $3093 - $3091 SL $3086
TP1: $3100
TP2: $3110
TP3: $3120
⭐️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