⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US central bank indicated last week that it plans to ease the pace of interest rate cuts in 2025. This supports elevated US Treasury yields, helping the US Dollar (USD) maintain its strength near a two-year high, which limits gains for the non-yielding Gold price. With trading volumes thin, it seems wise to wait for sustained buying momentum before anticipating a continued recovery from the one-month low reached last week.
⭐️Personal comments NOVA:
Gold sideways price range 2610-2620, H1 trendline downtrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2618 - $2620 SL $2623 scalping
TP1: $2614
TP2: $2608
TP3: $2602
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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