Gold Spot / U.S. Dollar
Short
Updated

Scalping XAU ! decreasing trend M15

940
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Trump's win has raised questions about whether the US Federal Reserve might slow its pace of rate cuts, supporting the Greenback and pressuring USD-denominated Gold.

"The dollar and yield rally is weighing on gold, as rising real interest rates typically reduce demand for safe-haven assets," said Matthew Jones, precious metals analyst at London’s Solomon Global. "However, from a broader perspective, the outlook remains ‘as good as gold,’” he added.

⭐️Personal comments NOVA:
Trendline M15 - downtrend - break and retest sideway M15 XAU/USD

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2669 - $2671 SL $2674
TP1: $2664
TP2: $2658
TP3: $2650



⭐️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 prices are down like crazy - the downtrend is likely to get even bigger this week. Below 2600
Trade closed: target reached
Gold price continues to maintain a decrease, close to the 2610 price range. Strong downtrend

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