⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) edge higher during Friday's European session as markets await the release of the US ISM Manufacturing Purchasing Managers' Index (PMI) for December, scheduled for 15:00 GMT. The PMI is expected to remain unchanged at 48.4, signaling continued contraction in manufacturing activity.
The precious metal delivered an impressive performance in 2024, gaining over 27%—its strongest annual return since 2010. This rally has been driven by robust safe-haven demand amid ongoing geopolitical tensions in the Middle East and the extended Russia-Ukraine conflict.
Additionally, according to sources cited by Axios, US President Joe Biden reportedly discussed contingency plans to target Iran's nuclear facilities should Tehran make significant advancements toward developing a nuclear weapon before Donald Trump's inauguration on January 20. These talks underscore growing concerns about Iran's nuclear ambitions during the transitional phase between administrations.
⭐️Personal comments NOVA:
short term frame adjustment, creating more liquidity for the market, waiting for liquidity zones to set up BUY scalping signals
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2646 - $2644 SL $2641 scalping
TP1: $2649
TP2: $2653
TP3: $2658
⭐️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