A slowdown in the DOWN trend !! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
This week's main events to watch out for include the release of the US Gross Domestic Product (GDP) for the fourth quarter on Thursday and the Core Personal Consumption Expenditures Price Index (Coe PCE) on Friday. If the US data shows weakness, it is expected to influence the Federal Reserve to adopt a more dovish stance, which could limit the downward movement of gold prices. Additionally, the US Richmond Fed Manufacturing Index for January will be published later on Tuesday, ahead of the key US event.

⭐️Personal comments NOVA:
Gold price range 2020-2027. Still in a DOWN trend if there is no sudden change in bad economic data for the DOLLAR. Gold price continues to struggle sideways above $2000

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2012
TP2: $2020
TP3: $2030

Pay attention to the 2015-2017 support zone, scalping BUY

🔥SELL GOLD zone: $2040 - $2042 SL $2050
TP1: $2032
TP2: $2026
TP3: $2020

⭐️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

Yorum:

Gold price is moving towards the Uptrend, near entry BREAK 2029. Important price zone to decide whether to break the Uptrend or not

Yorum:

The price increased to the old resistance zone 2035-2037 and then fell sharply, showing that weak buying pressure could not be penetrated.

Yorum:

After the adjustment, the price is currently sideways around the 2027 area, waiting for the US trading session

Yorum:

The US session is still witnessing sideways prices in a narrow range from 2020 to 2030. The price concentrates on large volume transactions here. The competition between buyers and sellers is very high

İşlem aktif:

US session scalping setup: Buy 2021-2019 TP 80 pips

SL : 50 pips

Yorum:

The price hits 2030 then continues to turn back, the price range from 2020-2030 becomes very competitive.