Gold Spot / U.S. Dollar
Short
Updated

Scalping ! XAU ! Trendline Recovery 2678

1 029
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The US Federal Reserve’s policy decision on Thursday is in focus, with markets widely anticipating a 25 basis point rate cut, which could support gold by lowering the opportunity cost of holding non-yielding assets.

According to the CME FedWatch Tool, there is a 98.1% chance of this quarter-point cut in November.

⭐️Personal comments NOVA:
Trendline + DOW , Gold price recovered briefly - for the upcoming decline to 2606

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2668 - $2670 SL $2673
TP1: $2665
TP2: $2662
TP3: $2658


⭐️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
+ 45 pips , signal scalping SELL 2668-2670 , great SELL
Order cancelled
FED lowered federal interest rate by 0.25%, gold price positively increased to 2710

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