Gold Spot / U.S. Dollar
Short
Updated

Gold back below 3200 today?

774
⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) edged lower to around $3,230 during early Asian trading on Tuesday, weighed slightly by a modest rebound in the US Dollar (USD). However, lingering concerns over the health of the US economy—especially in the wake of Moody’s recent credit rating downgrade—may help limit further downside for the precious metal.

The Greenback’s recovery is curbing upside momentum for USD-denominated assets like gold. Still, heightened economic uncertainty continues to underpin safe-haven demand. Moody’s downgraded the US sovereign rating from "Aaa" to "Aa1" on Friday, citing escalating debt levels and interest obligations that now exceed those of other similarly rated nations. These developments are keeping risk sentiment fragile and lending underlying support to gold prices.

⭐️Personal comments NOVA:

Accumulate along the upper and lower trend lines, gold price will break and take more liquidity than the downtrend

⭐️SET UP GOLD PRICE:


🔥SELL GOLD zone : 3224- 3226 SL 3230 scalping
TP1: $3215
TP2: $3208
TP3: $3200

🔥SELL GOLD zone : 3276- 3278 SL 3283 scalping
TP1: $3260
TP2: $3250
TP3: $3240


🔥BUY GOLD zone: $3152 - $3150 SL $3145
TP1: $3165
TP2: $3180
TP3: $3195


⭐️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
16 hours ago
Trade active
+ 60 pips , Plan day SELL 3224-3226 , great

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