Gold price adjustment to 1970 zone, opportunity for price BUY

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is declining for the second consecutive day on Tuesday, moving closer to the monthly low during the Asian session. The ongoing recovery of the US Dollar (USD) from its lowest level since September 20, which occurred on Monday, is a significant factor contributing to the decrease in the value of the precious metal. Additionally, there have been no significant updates regarding the Israel-Hamas conflict, which is causing investors to divert their attention away from the safe-haven gold.

⭐️Personal comments NOVA:
Current gold price adjusts down around 1970, normal adjustment, price accumulation before a new price increase at the end of the year

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1967 - $1970 SL $1960
TP1: $1980
TP2: $1985
TP3: $1992

🔥SELL GOLD zone: $1980 - $1982 SL $1986 Scalping
TP1: $1976
TP2: $1972
TP3: $1968

🔥SELL GOLD zone: $1992 - $1994 SL $2000
TP1: $1985
TP2: $1980
TP3: $1972

⭐️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
- The winner is the one who sticks with the market the longest

コメント:

The price has approached the BUY entry zone

コメント:

+ 30 pips , signal BUY entry 1967,5

コメント:

Gold's downtrend is still quite strong, you can wait for the next support zone 1960-1962 to have a nice entry to BUY

コメント:

+ 70 pips from entry BUY 1960-1962