Gold Spot / U.S. Dollar
Short
Updated

Gold sideway below 2700 - in DOWN trend

771
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

Traders took profits on recent Trump trades, leading to a pullback in the US Dollar from a four-month high and giving a boost to Gold prices on Thursday. The USD continued to ease after the Federal Reserve cut its benchmark interest rate by 25 basis points, bringing it to a target range of 4.50%-4.75%.

⭐️Personal comments NOVA:
sideway in a bearish correction - waiting for the 2700 resistance zone to scalp SELL

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2700 - $2702 SL $2705
TP1: $2694
TP2: $2688
TP3: $2680



⭐️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
+ 140 pips , signal scalping SELL 2700-2702 , HIT TP 2
Trade closed: target reached
+ 170 pips , great signal scalping SELL 2700-2702

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.