Gold Spot / U.S. Dollar
Short
Updated

Accumulation - bulls and bears dispute ! XAU sideway

741
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Atlanta Fed President Raphael Bostic shared his views, expressing uncertainty about the need for a rate cut this month but supporting the idea of further reductions in the coming months. He emphasized that interest rates should reach a neutral level that neither stimulates nor restricts economic growth, noting that he remains open to all options.

Meanwhile, the CME FedWatch Tool indicates a 63% probability of a 25-basis-point rate cut, slightly lower than the 66% seen last Friday, suggesting the December 17-18 meeting will be a closely watched event.

⭐️Personal comments NOVA:
The sideway price range 2605 - 2666 will continue, with more accumulation waiting for NF news this week.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2649 - $2651 SL $2654 scalping
TP1: $2645
TP2: $2638
TP3: $2630


🔥SELL GOLD zone: $2666 - $2668 SL $2673
TP1: $2658
TP2: $2645
TP3: $2630

🔥BUY GOLD zone: $2617 - $2615 SL $2610
TP1: $2625
TP2: $2632
TP3: $2640

⭐️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
+ 50 pips , great plan day sell 2649-2651 , nice
Note
+ 100 PIPS , amazing PLAN DAY SELL 2649-2651
Trade closed: target reached
+ 120 pips, amazing signal SELL PLAN DAY 2649-2651

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.