Gold Consolidates - Trying to Return to Bullish Momentum⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) edge higher during Thursday’s Asian session but remain range-bound amid mixed market signals. The Federal Reserve’s hawkish pause after its two-day policy meeting strengthens the US Dollar, limiting gold’s upside. However, declining US Treasury yields and concerns over President Donald Trump’s tariff policies provide support for the safe-haven metal.
⭐️Personal comments NOVA:
Gold is mostly sideways below the old ATH 2789, the market is accumulating before wanting to reach a new ATH
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2784 - $2786 SL $2791
TP1: $2778
TP2: $2770
TP3: $2760
🔥BUY GOLD zone: $2746 - $2748 SL $2743 scalping
TP1: $2752
TP2: $2758
TP3: $2765
🔥BUY GOLD zone: $2731 - $2733 SL $2726
TP1: $2740
TP2: $2750
TP3: $2760
⭐️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