⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) saw some buying interest during the Asian session on Tuesday, recovering part of the previous day's pullback from near a one-month high reached last week. Reports suggesting that US President-elect Donald Trump's economic team is considering a gradual implementation of tariffs to avoid a sharp rise in inflation led to a slight retreat in US Treasury bond yields, offering support to the non-yielding metal. However, the recovery lacks a clear catalyst and is likely to remain limited due to expectations of a hawkish stance from the Federal Reserve (Fed).
⭐️Personal comments NOVA:
Short-term frame - need to adjust down to create liquidity, sideway has enough strength to increase more strongly
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2646 - $2644 SL $2639
TP1: $2652
TP2: $2660
TP3: $2670
🔥SELL GOLD zone: $2697 - $2699 SL $2704
TP1: $2690
TP2: $2680
TP3: $2670
🔥SELL GOLD zone: $2678 - $2680 SL $2683 scalpingAsian and European sessions
TP1: $2674
TP2: $2670
TP3: $2665
⭐️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