Gold Spot / U.S. Dollar
Long
Updated

Recovery continues! Expected price range 2644

857
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices surged over 1.80% early this week, recovering from a two-month low of $2,536 to climb above $2,600. Heightened tensions in the Russia-Ukraine conflict, coupled with a weaker US Dollar, supported Gold’s rise on Monday. At present, XAU/USD is trading at $2,610.

Market sentiment on Wall Street is mixed, with two major US equity indices posting gains while the other two remain volatile. Geopolitical developments remain a key driver for Gold, as Russia’s large-scale offensive in Ukraine prompted a response from the White House.

⭐️Personal comments NOVA:
Gold price still shows strong upward momentum, recovery may be higher approaching potential price zones such as 2644 - 2673

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2644 - $2646 SL $2649
TP1: $2638
TP2: $2630
TP3: $2620

🔥SELL GOLD zone: $2673 - $2675 SL $2680
TP1: $2660
TP2: $2645
TP3: $2630

🔥BUY GOLD zone: $2589 - $2587 SL $2582
TP1: $2595
TP2: $2610
TP3: $2620

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 price is growing - above the 2630 zone during the European session on Tuesday
Trade closed: target reached
Sideway gold price range 2620-2640

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