Gold trend! continued decrease ! sideway

מעודכן
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) continue to decline during Thursday's Asian session, following the previous day’s pullback from the $2,658 level. Strong US economic data released on Wednesday, along with limited progress in reducing inflation, suggest that the Federal Reserve (Fed) may approach further rate cuts cautiously. This outlook has driven a slight rebound in US Treasury yields and bolstered US Dollar demand, putting pressure on the non-yielding precious metal.

However, markets are still largely expecting a 25 basis point (bps) rate cut by the Fed in December. Additionally, US President-elect's tariff threats have sparked concerns over a potential trade war that could harm global economic growth. Combined with ongoing geopolitical risks from the Russia-Ukraine conflict, these factors are helping Gold maintain support above the $2,600 level.

⭐️Personal comments NOVA:
Selling pressure continues - target returns to 2605 area, bank holiday gold price mainly sideways and decreases slightly

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2633 - $2635.5 SL $2639 scalping
TP1: $2625
TP2: $2612
TP3: $2605

🔥SELL GOLD zone: $2657 - $2659 SL $2664
TP1: $2650
TP2: $2640
TP3: $2630


🔥BUY GOLD zone: $2605 - $2603 SL $2598
TP1: $2615
TP2: $2622
TP3: $2630

⭐️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
Sideway price range below 2657 on days without news
עסקה סגורה: היעד הושג
Gold price increased in the short term at the end of the week - exceeding the 2650 zone. Continue sideways price range from 2600-2700
Beyond Technical AnalysisgoldsellTechnical IndicatorssellgoldsellsetupsellsignalshortsetupshorttradeshortxauusdTrend Analysisxauusdshortxauusdsignal

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