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Scalping ! XAU ! wait for price recovery at SELL entry 2947

629
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

Chicago Fed President Austan Goolsbee emphasized on Monday that the central bank will adopt a cautious approach, waiting for more clarity before considering rate cuts.

Meanwhile, the World Gold Council (WGC) reported that gold-backed ETFs saw their biggest weekly inflow since March 2022.

Traders now focus on upcoming US data, including the Conference Board's Consumer Confidence Index and the Richmond Manufacturing Index, along with speeches from Fed officials, which could impact the USD.

⭐️Personal comments NOVA:

Accumulated price zone according to H1 trendline, continue sideways waiting for tariff momentum to reach 3000

⭐️SET UP GOLD PRICE:

🔥 SELL GOLD zone: $2947 - $2949 SL $2952
TP1: $2943
TP2: $2938
TP3: $2930


⭐️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
Great trend of reduction, price touch 2944 and plummet

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