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Gold short term recovery - downtrend

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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) start the week on a strong footing, rebounding further from Friday’s three-week low near $2,833–2,832. Despite US inflation data aligning with expectations, traders remain confident that the Federal Reserve will implement two quarter-point rate cuts by year-end. Additionally, renewed selling pressure on the US Dollar supports the appeal of the non-yielding yellow metal.

⭐️Personal comments NOVA:

Gold price recovers in short term, sellers are dominating, retesting liquidity zone 2883

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2832 - $2834 SL $2827
TP1: $2840
TP2: $2850
TP3: $2960

🔥SELL GOLD zone: $2883 - $2885 SL $2890
TP1: $2875
TP2: $2868
TP3: $2860

⭐️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
עסקה פעילה
Gold price has a slight recovery as expected according to Plan Day, increasing over 2870

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