⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on the gains from the past two days and traded within a narrow range during Monday's Asian session. A positive tone in the equity markets created some headwinds for the safe-haven metal, but several factors should prevent significant losses. The potential for escalating geopolitical tensions in the Middle East may temper market optimism. Additionally, dovish expectations for the Federal Reserve (Fed) are keeping US Dollar (USD) strength in check, which should offer support to gold.
⭐️Personal comments NOVA:
Gold price at the beginning of the week was mainly sideways around the 2410 - 2440 range, slightly adjusted to continue the stronger uptrend during the week.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2407 - $2409 SL $2402
TP1: $2415
TP2: $2422
TP3: $2430
🔥SELL GOLD zone: $2458 - $2460 SL $2465
TP1: $2450
TP2: $2440
TP3: $2430
⭐️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
- The winner is the one who sticks with the market the longest