Gold Spot / U.S. Dollar
Long
Updated

filled GAP, sideway XAU monday

1 644
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election.

⭐️Personal comments NOVA:
Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2755 - $2757 SL $2762
TP1: $2748
TP2: $2740
TP3: $2730


🔥BUY GOLD zone: $2717 - $2715 SL $2710
TP1: $2725
TP2: $2733
TP3: $2740

⭐️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
Exact trend line - gold price fills GAP 2743 and corrects downward, mainly sideways
Order cancelled
Gold price is still sideways around the 2715 - 2745 range today, waiting for NF this week
Trade active
Gold price after filling GAP 2743 - currently sideways around 2730. Accumulate and wait
Trade closed manually
Gold price continues to grow - breaking the trendline. Bulls dominate - wait for resistance 2750 - 2757
Trade active
Sideway - wait for very important data to come. The uptrend still prevails
Trade active
+ 65 pips , signal PLAN DAY SELL 55 - 57

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