Gold Spot / U.S. Dollar
Long
Updated

Uptrend, gold price back above 3400

509
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) finds renewed buying interest around $3,375 during Tuesday’s Asian session, supported by concerns over the Federal Reserve’s independence following reports that US President Donald Trump plans to remove Fed Governor Lisa Cook. Adding to the upside, growing expectations that the Fed will resume its rate-cutting cycle are providing further support, as lower interest rates reduce the opportunity cost of holding the non-yielding metal.

⭐️Personal comments NOVA:

Gold prices show sustained buying power, along with President Trump's moves to pressure the FED to lower interest rates immediately. Heading towards over 3400 new long-term price increases

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3429- 3431 SL 3436
TP1: $3420
TP2: $3410
TP3: $3400


🔥BUY GOLD zone: $3350-$3352 SL $3345
TP1: $3360
TP2: $3370
TP3: $3380


⭐️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
Trade active
Gold sideway around zone 3375

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