XAUUSDG trade ideas
Bearish Reversal Setup: Resistance Rejection Targeting Key Chart Overview:
Asset: Unspecified (likely XAU/USD or an index based on price levels)
Indicators:
EMA 50 (red) — currently around 3,306.84
EMA 200 (blue) — currently around 3,300.54
Key Zones:
Resistance Zone: ~3,320 to 3,360
Support Zone: ~3,190 to 3,240
Technical Analysis:
Trend Context:
The asset previously had a strong bullish run, peaking above 3,400.
After the peak, it shifted into a lower high structure, indicating potential distribution.
Price is currently fluctuating below the resistance zone but above the support zone, suggesting range-bound conditions.
Moving Averages (EMA Analysis):
The 50 EMA is currently below the 200 EMA, signaling short-term bearish pressure.
Price is hovering around these EMAs, suggesting indecision and the possibility of a breakout or breakdown.
Resistance Behavior:
Price is projected to retest the resistance zone (~3,340–3,360) before a major drop.
The resistance zone has already acted as a strong supply area multiple times, reinforcing its significance.
Support Expectation:
After rejection from the resistance zone, price is expected to decline sharply toward the support zone (~3,200).
The drawn arrows suggest an expectation of a rapid sell-off after the final fake-out at resistance.
Structure and Price Action:
The forecasted scenario shows a liquidity grab above resistance (fake breakout) followed by a strong bearish reversal.
This is typical in a "distribution phase" where market makers induce breakout traders before reversing the move.
Summary:
Primary Bias: Bearish
Setup: Short from resistance rejection after liquidity sweep.
Target: Support zone around 3,200.
Invalidation: A clean breakout and retest above the resistance zone (~3,360) would invalidate the bearish idea.
Risk Management: Ensure proper stop loss above resistance to mitigate risk in case of a genuine breakout.
Gold may hit a second bottom today!From the perspective of the daily line, yesterday's rebound relied on the short-term moving average to close positive, but the rebound was not very strong and the continuity was poor. If it can continue to close positive today, it will lay the foundation for an upward trend, and then it can be seen to gradually strengthen. If it closes negative today, or even falls below the short-term moving average, then gold may fall again.
From the previous round of bottom support 2790, there is a triple bottom, and there is a bottoming process. Therefore, gold cannot be too optimistic about returning to a strong bull market at present, and still has this psychological expectation.
As for gold today, the trend of gold rising and falling shows fatigue. If the trend line breaks, it will continue to be bearish. In the European session, it will rebound to 3336 and short. The support below is 3306. If there is no rebound but it goes sideways at a low level and continues to go down, then the first touch of 3306 can be seen as a small rebound. If 3306 breaks, then the rebound in the evening will continue to be short, and it is expected to test the lower level again.
Dealing with Stress in Trading: The Silent Killer of PerformanceTrading is hard. But not just technically or economically — emotionally, it's one of the most demanding things you can do.
Charts, indicators, news, setups — they’re all part of the job. But behind every click, there’s a person reacting to fear, frustration, regret, and pressure.
And that’s where stress creeps in.
In this article, we’ll explore:
• Why trading stress hits harder than most think
• How it manifests (and sabotages) your decisions
• Practical ways to reduce and manage stress
• The mindset shift that changes everything
________________________________________
🔥 Why Trading Is Uniquely Stressful
Most jobs reward consistency. Trading, ironically, punishes it at times.
You can do everything “right” and still lose money. You can follow your plan, manage risk, and still watch a red candle wipe your equity.
The problem?
Our brains aren’t built for that kind of randomness. We crave cause-effect logic — but markets aren't and most of all don’t care.
This disconnect creates cognitive dissonance . The result? Stress builds up.
________________________________________
🧠 How Stress Sabotages Traders (Without Them Realizing)
Stress doesn’t always show up as panic. More often, it shows up as:
• Overtrading (trying to ‘fix’ bad trades emotionally)
• Freezing (not taking good setups out of fear)
• Revenge trading (turning a bad trade into a disaster)
• Inconsistency (changing strategy mid-week, mid-trade, mid-breath)
• Physical symptoms (fatigue, headaches, insomnia — yes, it's real)
Left unchecked, stress creates a loop:
Stress → bad trades → more stress → worse decisions.
________________________________________
🛠️ Practical Techniques to Manage Trading Stress
Here’s what actually helps — not the Instagram-fluff, but what real traders use:
1. Create Pre-Defined Trade Plans
Stress loves uncertainty. But when you enter a trade with exact entries, stops, and targets, you leave less room for panic-based decisions.
✅ Pro tip: Write your trade plan down. Don’t trade from memory.
________________________________________
2. Use the 3-Strike Rule
If you take 3 consecutive losses or bad trades — stop for the day, or if you are a swing trader, stop for the week, come back on Monday. It’s not about revenge. It’s about protecting mental capital.
“When in doubt, protect your focus. You can’t trade well without it.”
________________________________________
3. Build a Trading Routine (Like a Ritual)
Start each session the same way. Same coffee, same chart review, same breathing.
Why? It anchors your brain. Predictability in your environment reduces the emotional chaos inside your head.
________________________________________
4. Step Away from the Screen (Yes, Physically)
After a tough trade, move. Walk. Stretch. Get outside. Go to gym, ride your bike(these I do most often). Reset your nervous system. Trading is mental, but stress is physical too.
You’re not a robot. Don't act like one.
________________________________________
5. Track Your Emotional State (Not Just P&L)
Keep a trading journal where you note how you felt before/after trades.
You’ll find patterns like:
• “I lose when I’m bored and looking for action”
• “My best trades happen when I feel calm and centered”
Awareness = control.
________________________________________
🧭 The Mindset Shift: From Outcome to Process
This might be the most important thing I’ll ever tell you:
Detach from results. Fall in love with process.
Your goal isn’t to win every trade.
Your goal is to execute your plan with discipline.
Every time you do that — even on a losing trade — you’re winning the real game.
That’s how stress stops being the master and becomes the servant.
________________________________________
🧘 Final Thought: Stress Will Never Go Away — and That’s Okay
You’ll always feel something. But the goal isn’t to be emotionless — it’s to be aware and in control.
Trading is like martial arts: the best fighters aren’t calm because they feel nothing. They’re calm because they’ve trained their response.
So train yours.
________________________________________
💬 Remember, consistency in mindset creates consistency in results.
gold to 3270on chart buyside has been raided price proceeded south. currently price is failing to uphold on 15 min bullish fvg. i want to see price accelerate to smooth lows at 3270
Gold depends on GDP numbersTechnical analysis: Gold naturally found Buyers as Buying pressure is evident on the charts from DX on Selling sequence. It is important to note that #3,300.80 is new / old Resistance, which was near Weekly High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken, Price-action will be calling for #3,327.80 extension once again which represents local Top's for current fractal. I will engage my orders accordingly and wait for suitable entry even though I have closed my order ahead of the final push above the Resistance. However, Gold re-tested and was again rejected on the Hourly 4 chart’s Support keeping the Bullish bias alive. The Engulfing candle Bearish reversal candle on Hourly 1 chart succeeded at rejecting the Price-action and catching already the #32% Fibonacci level. I expect the last Daily chart’s candle to test again the #3,272.80 former Resistance now turned to Support when DX finds the Support zone and engages relief rally.
My position: As mentioned above, Gold is ranging and Scalpers are getting most of the returns out of this Price-action. I will await GDP numbers and only then make my move.
Gold Long | Bullish Breakout Expected | Buy on DipsGold is showing bullish strength with higher highs and higher lows forming on the chart.
Price has respected key support around and is now aiming for resistance near .
Entry idea: Buy between
Stop Loss:
Target:
Trend: Bullish
Timeframe: [1} Hr
📌 Reason for Long:
Price above EMA
Strong demand zone at
Bullish price action (engulfing candle / breakout / etc.)
📊 Tags (Important for visibility):
#GOLD #XAUUSD #LONG #BUY #Bullish #TradingView #PriceAction
Gold buying plan!- Consolidation Phase
- Resistance Level
- Completed Impulse and Corrective Waves " AB "
- RSI - Divergence
- Double Bottom as correction in Short Time Frame and Long Time Frame
DeGRAM | GOLD Reached the Support📊 Technical Analysis
Gold’s false pop above $3 500 reversed into a falling wedge; price slipped through $3 430 and is now testing the support level at $3 315 (channel base + trend-line). Holding this pivot preserves the rising channel and favors a rebound toward $3 500 – 3 520.
💡 Fundamental Analysis
Central-bank demand stays brisk (333 t Q4-24; PBoC buying streak now 5 mths). Fed pause, softer real yields and a 3-yr-low USD cut carry costs. IMF warns tariff risks could chill growth, boosting hedge bids.
✨ Summary
A hold above $3 315 could launch XAU/USD back to $3 500+, with $3 520 on a clean breakout.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
HelenP. I Gold can correct to trend line and continue to growHi folks today I'm prepared for you Gold analytics. After the recent drop and partial gap-fill, the price seems to be forming a solid foundation for a potential continuation to the upside. The price previously rebounded from the lower levels near 2955 and established a strong bullish trend, respecting the ascending trend line multiple times. Each touch acted as a signal for buyers to step in, pushing the price toward higher zones. Eventually, the market broke through a major resistance area, which has now turned into a support zone between 3265 and 3295 points. This area is also reinforced by the trend line, which has been tested again recently. Importantly, the price left a gap during the impulsive move up, and after the correction, the gap was filled, and buyers immediately reacted. Now, Gold is trading slightly above the support zone, showing a clear bounce from both the trend line and horizontal structure. This confluence increases the probability of further bullish momentum. Given the price behavior, market structure, and technical context, I expect that XAUUSD will continue rising toward the 3425 points, that’s why it is my current goal. If you like my analytics you may support me with your like/comment ❤️
PRICE DROPPED LOW! BEST TIME TO BUYPrice dropped low! A buy opportunity is envisaged from the current market price. First target is at the price level of 3320. This is a good opportunity to capitalise on gold
continue to accumulate, gold price waiting for NF⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its downward trajectory, slipping toward $3,315 during early Asian trading on Wednesday as improving global risk sentiment and signs of easing trade tensions weigh on demand for the safe-haven asset. Market participants remain cautious ahead of key US economic data releases, including the ADP Employment Change, the Core PCE Price Index, and the preliminary Q1 GDP figures, all scheduled for later in the day.
Meanwhile, US President Donald Trump is reportedly aiming to reduce the overall impact of automotive tariffs by avoiding cumulative duties on foreign vehicles and loosening restrictions on imported parts used in domestic production. Treasury Secretary Scott Bessent added that major trade partners have made “very good” proposals to avert further US tariffs. Furthermore, exemptions on select US goods from retaliatory duties suggest a growing intent to de-escalate ongoing trade disputes.
⭐️Personal comments NOVA:
Gold price maintains accumulation range of 3265 - 3360, temporary stability awaits big fluctuations
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3368- 3370 SL 3375
TP1: $3350
TP2: $3340
TP3: $3330
🔥BUY GOLD zone: $3264 - $3262 SL $3257
TP1: $3280
TP2: $3300
TP3: $3318
🔥BUY GOLD zone: $3285 - $3283 SL $3280 scalping
TP1: $3290
TP2: $3295
TP3: $3300
⭐️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
Gold continues to rise within butterfly patternHello, guys
Long time price rising near the support line, but later it made a correction movement, breaking this line.
Then price had a sharp impulse that confirmed bullish structure and started to grow inside a rising channel.
After reaching the top boundary, the price reversed and started a pullback to the support area near $3265.
This zone also aligns with the channel base and acted as a bounce point before, making it a strong technical level.
Now the price is consolidating above this support, forming a higher low, which may confirm continuation.
As long as price holds, and I expect it to bounce from support line and push toward $3480 channel resistance.
GOLD OUTLOOKThis chart is a technical analysis setup for Gold Spot (XAU/USD) on the 1-hour timeframe, showing a potential sell (short) trade idea. Here's a breakdown of the chart elements:
🔍 Key Zones Identified
Entry Zone:
Around 3380$-3394$
This is the suggested area where the trader plans to enter a short position (sell), expecting price to reverse downward from here.
Stop-Loss Area:
Ends near 3,415.80 USD
This zone is above the entry area and marks the risk level — if the price reaches here, the setup becomes invalid and the trade would be exited at a loss.
Target / Reversal Zone:
This is the take-profit area where the trader expects the price to potentially reverse or where they will close the short trade with profit.
📉 Trade Idea Visualization
Price is expected to move up slightly into the entry zone.
Then reverse downwards, hitting the target near the reversal zone.
✅ Summary of the Setup
Bias: Bearish
Strategy: Wait for price to hit entry zone (~3,380.00), then sell
Stop-Loss: Above 3,415.80
Take-Profit: Near 3,246.35
Risk-Reward Ratio: Favorable (large potential reward vs. smaller risk)....
Possible H&S Forming – It’s All About the News NowOANDA:XAUUSD
📉 Watching closely: Possible Head and Shoulders formation developing on the 4H and 1H charts
As of April 24, 2025, Gold (XAU/USD) is forming a potential Head and Shoulders pattern on the shorter timeframes (4H and 1H), which could indicate a reversal setup. While multiple scenarios are still in play, the price action around the $3368 level will be crucial.
If price fails to break above this resistance in the near term, it could suggest weak bullish momentum and open the door for a pullback toward and possibly below the neckline around $3250 .
🔔 Key Economic Events – April 24
08:30 EDT – Durable Goods Orders MoM
Forecast: +2.0%
Personal outlook: Numbers might come in weaker than forecasted.
Durable goods orders are a solid gauge of industrial demand. Weaker-than-expected numbers would likely weaken the USD and could offer some upside pressure on Gold.
10:00 EDT – Existing Home Sales
Forecast: Lower than previous.
As a key barometer of consumer confidence and economic stability, lower-than-expected figures could also put pressure on the USD, potentially providing Gold a short-term bullish impulse.
📊 Potential Scenarios
Scenario 1 – Bullish Breakout
Weak economic data → USD weakens → Gold spikes above $3400
If both data points disappoint, we could see a rally in Gold, possibly breaking the resistance and invalidating the H&S pattern.
Scenario 2 – Bearish Breakdown (Preferred H&S Scenario)
Strong data → USD strengthens → Gold falls below $3200
While less likely, if economic data comes in stronger than forecasted, Gold could see a significant drop, forming the right shoulder and breaking the neckline – confirming the Head & Shoulders reversal.
Scenario 3 – Sideways Movement
Neutral data + Tariff talks in focus
In the absence of impactful data or if figures come in as expected, Gold might consolidate sideways. Ongoing developments around US-China tariff negotiations could dominate sentiment, delaying or nullifying the H&S pattern entirely.
📉 Market Sentiment Snapshot
US stocks are rallying on optimism around tariff reductions
Trump administration signaling potential easing of China tariffs
➡️ Gold under pressure as risk-on sentiment rises
📍 Conclusion
Keep an eye on the $3368 level and $3250 neckline. Short-term moves will likely be dictated by today’s economic releases and the evolving trade narrative. A confirmed break below the neckline would validate the bearish H&S scenario with potential downside toward $3200 and below.
👉 Stay nimble and trade the reaction, not just the forecast.
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
Range Tightens on Gold – Breakout or Breakdown Ahead?📌 Trading Plan for April 28, 2025: Gold (XAU/USD) Strategy 🧠📈
📊 Technical Analysis
Following the sharp drop in previous sessions, gold is now consolidating around the 3260–3270 support zone.
Price is moving within a tight triangle formation on the M15 timeframe, indicating compression ahead of a breakout.
The MA 13 – 34 – 200 still suggests a short-term bearish bias, but selling momentum has noticeably slowed down.
Expectation: gold may retest the 3299–3313 resistance zone before a stronger directional move.
🎯 Key Price Levels for Today
Immediate Resistance: 3299 – 3313
Major Support: 3260 – 3258 – 3239
🧩 Updated Trade Setup
🔵 BUY ZONE:
Entry: 3260 – 3258
Stop Loss (SL): 3254
Take Profit (TP): 3264 → 3268 → 3272 → 3276 → 3280
🔴 SELL ZONE: (after price retests resistance)
Entry: 3299 – 3301
Stop Loss (SL): 3306
Take Profit (TP): 3295 → 3290 → 3286 → 3282 → 3275
📢 Important Notes
Expected daily range: 60–80 pips.
No major economic news today, but stay alert for unexpected political headlines (especially from the US, China, India-Pakistan tensions).
Strictly follow TP/SL levels to protect your capital — avoid FOMO chasing after sharp intraday moves.
✅ Conclusion
Gold remains in a sensitive consolidation phase.
The best strategy today is buying at support and selling at resistance, only scaling in after clear confirmations!
💬 How are you planning to trade gold today? Share your views and setups below! 👇👇👇
Gold fluctuates and tends to be bearishGold fell by $240 in two trading days, but then rebounded strongly. The 1-hour moving average formed a dead cross. The moving average has no upward or downward momentum. Shorting can still be continued after the rebound. Therefore, it is recommended to short on rebounds and long on pullbacks. Pay attention to 3368-3370 on the top and 3260-3285 on the bottom.
Gold Price Reversal Setup: Targeting $3,282 After Sharp DeclineThis 1-hour chart of Gold (CFDs - US$/OZ) highlights a potential bullish reversal following a steep drop to the 3,243 support level. The forecast suggests a rebound toward the 3,282 resistance zone, aligning with upcoming economic events that may trigger volatility. Ideal for short-term traders eyeing a technical bounce.
1. Sharp Drop: Gold fell sharply to around $3,243, losing 1.37%.
2. Support Zone: Price is at a key support level, indicating possible stabilization.
3. Bullish Reversal Setup: A bounce is anticipated with a target of $3,282.
4. Technical Pattern: The chart suggests a potential double bottom or V-reversal.
5. Upcoming Events: Economic news (marked with icons) may act as catalysts.
Gold is stuck in the 3300 area, when can it break through?
📊Comment Analysis
Gold prices need economic news to break through the sideways price range around 3300. Today, we will continue to wait and see around 3300, waiting for the right time to enter the market.
💰Strategy Package
Long positions:
💲Actively participate in gold around 3300-3310 points, with a profit target around 3330 points
Short positions:
💲Actively participate in gold around 3330-3340 points, with a profit target around 3310 points
💢Precise sniping, follow the trading strategy = lying down and making money
GOLD WEEKLY - Key Events to Watch: ADP, Core PCE, Non-Farm📌 Weekly Gold Outlook – Key Events to Watch: ADP, Core PCE, Non-Farm Payrolls 📉📈
🌍 Fundamental Overview
Last week, gold faced heavy selling pressure after failing to sustain its rally above the $3,450 level. Easing concerns over the US–China trade tensions and a stronger US Dollar — supported by stronger-than-expected Durable Goods Orders — triggered a sharp correction in Price.
The US Federal Reserve (Fed) continues to adopt a cautious stance, awaiting clearer economic data before adjusting its monetary policy. Meanwhile, recent figures from both the US and China show signs of economic resilience, reducing safe-haven demand for gold in the short term.
Key Events This Week:
ADP Non-Farm Employment Change
Core PCE Price Index m/m
Non-Farm Payrolls (NFP)
Volatility is expected to rise sharply as these major economic indicators are released.
📊 Technical Analysis – XAU/USD 2H Chart
Gold is currently undergoing a corrective phase after its strong rally earlier this month. Price is forming a descending channel and consolidating around critical support and resistance zones.
Immediate Resistance: 3,325 – 3,377
Immediate Support: 3,275 – 3,235
As long as Price remains capped below 3,325, the bearish bias will remain dominant.
🧩 Main Scenarios for This Week
Short-Term Rebound:
Price may retest the 3,275–3,277 area before sellers regain control.
Medium-Term Bearish Pressure:
If Price fails to reclaim the 3,325 resistance zone, it could break lower toward 3,235, 3,197, and potentially deeper into the 3,108 or 3,066 liquidity zones.
Bullish Reversal Scenario:
A sustained breakout and close above 3,377 would invalidate the bearish outlook and suggest a move toward the 3,420 target.
🔍 Key Price Zones for This Week
Resistance: 3,325 → 3,377 → 3,420
Support: 3,275 → 3,235 → 3,197 → 3,108 → 3,066
🧠 Suggested Trading Strategy
Prefer short positions when Price retraces toward the 3,275 – 3,325 resistance zone, aiming for downside targets at 3,235 and 3,197.
Be cautious with long positions: only consider buying if Price drops deeply into 3,108 or 3,066 and shows strong support reaction.
⚡ Note:
Given the upcoming releases of ADP, Core PCE, and Non-Farm Payrolls, the market is expected to experience significant volatility.
Stay disciplined and await detailed intra-week updates around key event times.
Gold Drops $200 in Hours – Panic or Opportunity? 📌 Gold Plunges $200 – Volatility Surges Amid Fed Signals and Market Panic 🔥📉
📰 What Just Happened?
Yesterday, gold (XAU/USD) experienced one of its sharpest intraday drops in recent months, tumbling from the all-time high around $3,500 to as low as $3,318, losing nearly $200 in just a few hours.
This marked a significant correction following an extended bullish trend.
🔍 Key Drivers Behind the Crash
Fed-related commentary spurred aggressive profit-taking across the market.
The USD staged a technical rebound, exerting downward pressure on gold.
Rapid sentiment shifts triggered panic selling and liquidation flows.
🧭 What’s Next for Gold?
The $3,300–3,320 zone is now a crucial support — if this level holds, a technical recovery could unfold.
However, a break below $3,300 may expose gold to deeper downside targets near $3,250.
⚠️ Strategic Considerations
This is a high-volatility environment — flexibility and strict risk management are key.
Current sentiment is fragile. Unpredictable political headlines and mixed Fed signals are adding to the uncertainty.
In the latest development, Trump clarified he has no intention to fire the Fed Chair and hinted that China’s tariffs could be eased slightly — but not eliminated. These mixed messages continue to create sharp swings in price.
📊 Trade Plan
🔻 SELL ZONE #1:
Entry: 3,378 – 3,380
Stop Loss: 3,384
Take Profits: 3,374 → 3,370 → 3,366 → 3,362 → 3,358 → 3,350
🔻 SELL ZONE #2:
Entry: 3,408 – 3,410
Stop Loss: 3,414
Take Profits: 3,404 → 3,400 → 3,396 → 3,392 → 3,386 → 3,380
🟢 BUY ZONE:
Entry: 3,292 – 3,290
Stop Loss: 3,286
Take Profits: 3,296 → 3,300 → 3,304 → 3,308 → 3,312 → 3,316 → 3,320
The priority remains to sell into rallies near resistance while the downtrend unfolds. All trades should be protected with tight stop-losses, given the current unpredictability.
🧠 Key Takeaways
This is not a market for guessing — wait for price confirmation at key zones.
Focus on reaction zones, not forecasts.
Stay light, stay nimble, and manage risk carefully — news-driven volatility is at its peak.
💬 How are you positioning in this volatile gold market? Waiting for the bounce or selling the rallies? Let us know below! 👇👇👇
Gold price decreased at the beginning of the week⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) edged lower toward $3,310 during the early Asian session on Monday, retreating from last week's record highs amid growing signs of easing global trade tensions.
US Agriculture Secretary Brooke Rollins revealed on Sunday that the Trump administration is engaged in daily discussions with China regarding tariffs, according to Reuters. Rollins also emphasized that agreements with several other countries were “very close” to being finalized.
"Headlines hinting at possible partial exemptions from retaliatory tariffs further lifted market sentiment and contributed to gold slipping below the $3,300 mark," noted Yuxuan Tang, strategist at JPMorgan Private Bank.
⭐️Personal comments NOVA:
At the beginning of the week, gold prices were mainly sideways, without much news impact, trading around 3300 and gradually decreasing.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3368- 3370 SL 3375
TP1: $3360
TP2: $3350
TP3: $3340
🔥BUY GOLD zone: $3212 - $3214 SL $3207
TP1: $3225
TP2: $3240
TP3: $3255
⭐️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
Gold will resume its decline after closing the gapIt looks like gold broke through its support, possibly for a break and retest, we'll see how the price action goes.
SL: 3319 (120 pips)
TP: 3270
