Gold Spot / U.S. Dollar
Short
Updated

Scalping ! Find short-term FIBO retracement points

1015
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold (XAU/USD) dropped over 1% on Monday, trading in the $2,670 range, as markets reacted positively to the appointment of a steady and experienced figure to succeed Janet Yellen as the next US Treasury Secretary.

President-elect Donald Trump selected hedge fund manager Scott Bessent for the role, set to begin in January 2025. Bessent's reputation for cautious decision-making and his potential to temper some of Trump’s more extreme economic and trade policies appear to have eased market concerns, reducing the demand for gold as a safe-haven asset.

⭐️Personal comments NOVA:
Price decreased at the beginning of the week on Monday - price recovered at 2690 entry FIBO, SELL SCALPING

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2690 - $2692 SL $2696
TP1: $2685
TP2: $2678
TP3: $2670


⭐️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
Price dropped very sharply - miss entry SELL 2690 scalping plan. Missing a little luck for great signal

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