Scalping ! XAU ! old ATH SELL entry 2788⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Markets are increasingly anticipating that the US Federal Reserve may cut interest rates twice this year as inflationary pressures in the US show signs of easing.
On Friday, President Trump described his conversation with Chinese President Xi Jinping as amicable and expressed optimism about reaching a trade deal with China, adding that he prefers to avoid tariffs.
This has helped ease concerns over Trump's protectionist policies driving inflation higher, reinforcing expectations of further Fed policy easing and supporting the appeal of the non-yielding Gold price.
⭐️Personal comments NOVA:
Uptrend - positive market sentiment, may surpass ATH 2788 soon
⭐️SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2788 - $2790 SL $2793
TP1: $2784
TP2: $2778
TP3: $2770
⭐️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