Gold Spot / U.S. Dollar
Short

Gold maintains a strong downtrend

571
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The CME Group's FedWatch Tool shows the likelihood of a 25-basis-point rate cut at the next FOMC meeting has surged to over 80%, up from under 60% on Tuesday. Dallas Fed President Lorie Logan remarked that while significant progress has been made in lowering inflation, the central bank should move forward carefully.

⭐️Personal comments NOVA:
After breaking the D frame support zone (2550), the downtrend will continue, waiting for the SELL SCALPING TEST 2550 zone.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2549 - $2551 SL $2554
TP1: $2544
TP2: $2538
TP3: $2530

⭐️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

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.