XAU sideway - accumulation !! under $2400

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) attracted buyers during the Asian session on Thursday, breaking a four-day losing streak. Market sentiment remains fragile due to concerns about an economic slowdown in China and a potential US recession. Additionally, ongoing Middle East conflicts continue to boost demand for the safe-haven metal.

Friday's weak US employment report for July increased expectations of significant interest rate cuts by the Federal Reserve (Fed), along with a decline in US Treasury bond yields, putting pressure on the US Dollar (USD) and supporting Gold prices. Furthermore, the recent rebound from the 50-day Simple Moving Average (SMA) suggests potential for further appreciation.

⭐️Personal comments NOVA:
Gold price is in the sideway price range: 2380 - 2420, buyers and sellers are having high competition in the context of this week not having much important economic data, focus is on concerns that a war in the Middle East may break out.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2382
TP3: $2390


🔥SELL GOLD zone: $2418 - $2420 SL $2426
TP1: $2405
TP2: $2398
TP3: $2390


⭐️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
评论
Gold price increased back to the 2400 area during the Asian session
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Gold price is still sideways above 2390 waiting for unemployment news today
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Actual result was higher than expected (233K < 241K) good for dollar - gold reacts Bearish
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+ 40 pips, PLAN DAY SELL 2418-2420
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+ 80 pips , PLAN DAY SELL 2418-2420
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Gold price grew strongly in the US session yesterday, rising above the 2420 area
Beyond Technical AnalysisgoldpricegoldsellTechnical IndicatorssellgoldsellsetupsellsignalsellxauusdTrend Analysisxauusdsellxauusdshortxauusdsignal
Nova-Scalper
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✅ Gold Scalping Signal: 4 - 6 signals.
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✅ Trading Idea / Setup / Technical.

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