Gold Spot / U.S. Dollar
Short
Updated

Gold price heading below 3300

682
⭐️GOLDEN INFORMATION:

Federal Reserve (Fed) officials have signaled openness to potential interest rate cuts, a stance that could limit further upside in the US Dollar (USD) and lend support to the non-yielding Gold price. Additionally, growing concerns over the economic repercussions of President Donald Trump’s aggressive tariff measures, combined with ongoing geopolitical instability, continue to bolster the appeal of safe-haven assets. In this environment, the broader bias for gold remains tilted to the upside, urging caution for traders considering bold bearish positions.

⭐️Personal comments NOVA:

continue sideways, price range fluctuates around 3300

⭐️SET UP GOLD PRICE:


🔥SELL GOLD zone : 3382- 3384 SL 3389
TP1: $3370
TP2: $3360
TP3: $3350


🔥BUY GOLD zone: $3294 - $3292 SL $3287
TP1: $3300
TP2: $3310
TP3: $3320

⭐️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
Trade active
+ 55 pips , plan day BUY 3292-3294

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