Gold Spot / U.S. Dollar
Long
Updated

price trend up - waiting for ATH 2843

757
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

The US 10-year Treasury yield declines by 1.5 basis points to 4.537%, while real yields, measured by 10-year TIPS, remain steady at 2.095%. Meanwhile, the ISM Manufacturing PMI for January climbs to 50.9, exceeding expectations of 49.8 and improving from December’s 49.2, signaling stronger business activity. A deeper look into the data reveals rising input costs, with the prices paid sub-index increasing from 52.5 to 54.9. Additionally, the employment index jumps from 45.4 in December to 50.3, indicating improved labor conditions in the sector.

⭐️Personal comments NOVA:
Gold price is maintaining above $2800, long-term uptrend, fomo from the market creating ATH has not stopped

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2843 - $2845 SL $2850
TP1: $2838
TP2: $2830
TP3: $2820

🔥SELL GOLD zone: $2829 - $2831 SL $2834 scalping
TP1: $2824
TP2: $2818
TP3: $2810

🔥BUY GOLD zone: $2772 - $2770 SL $2765
TP1: $2780
TP2: $2790
TP3: $2800


⭐️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
Trade active
+ 35 pips, PLAN DAY SELL 2843-2845, nice

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.