Gold Spot / U.S. Dollar
Short
Updated

No NEWS, Opportunity for gold to continue to recover

888
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) remain steady during the early European session, hovering near $2,620, slightly below Tuesday’s one-week high. Persistent geopolitical tensions, including the prolonged Russia-Ukraine conflict and unrest in the Middle East, continue to fuel safe-haven demand for the precious metal for a second consecutive day. However, expectations of a less aggressive rate-cutting approach by the Federal Reserve (Fed) limit further gains for the non-yielding Gold.

⭐️Personal comments NOVA:
Small frame, gold buying pressure is still large, positive recovery, price will still move within the range of 2600 - 2644

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2603 - $2601 SL $2598
TP1: $2610
TP2: $2618
TP3: $2625

⭐️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
Trade active
Gold price reached 2640 then declined - let's wait for the next price range of 2644

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