Gold Spot / U.S. Dollar
Long
Updated

Retest trend ! short-term recovery! target 2625

1 103
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
USD bulls take a moment to pause as markets await the latest US inflation data, which could shape expectations for the Fed's rate-cut trajectory.

The Consumer Price Index (CPI) is projected to rise 0.2% in October and 2.6% year-over-year, up from 2.4% previously, raising questions about the Fed's capacity for further rate cuts.

⭐️Personal comments NOVA:
Short-term frame M15 - retesting trend, recovering with CPI news

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2598 - $2600 SL $2595
TP1: $2605
TP2: $2610
TP3: $2620


⭐️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
Gold price touches resistance 2618 - bearish correction. Still in the sideway price range 2590-2620
Trade closed: target reached
Gold continues to decline in the long-term frame as predicted (to the 2570 area)

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