NF - Data could help gold prices surpass $2700
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) maintains a positive trend for the fourth consecutive day on Friday, hovering just below the near four-week high reached on Thursday. Investor sentiment remains cautious due to uncertainty surrounding US President-elect Donald Trump's proposed tariffs and ongoing geopolitical tensions, supporting demand for the safe-haven metal. Additionally, expectations that Trump's expansionary policies could drive inflation further enhance Gold's appeal as a hedge against rising prices.
⭐️Personal comments NOVA:
Technically and predicting the results of today's NF news, we expect the gold price to recover - return to the 2700 area today, the main uptrend.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2621 - $2619 SL $2614
TP1: $2630
TP2: $2640
TP3: $2650
🔥SELL GOLD zone: $2714 - $2716 SL $2721
TP1: $2705
TP2: $2697
TP3: $2690
⭐️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
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