Gold continues to maintain sideways below 294x, accumulating
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues to climb during Friday’s Asian session, supported by concerns over US President Donald Trump’s tariff plans and a drop in US bond yields.
However, expectations that the Federal Reserve (Fed) will maintain its hawkish stance and keep interest rates high could limit further gains for the non-yielding metal. Traders are now focused on the upcoming US Retail Sales data for January, set to be released later in the day.
⭐️Personal comments NOVA:
The uptrend is still going on, however profit-taking selling pressure still exists around 294x, gold will still accumulate around 2900 or more.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2942 - $2944 SL $2949
TP1: $2935
TP2: $2927
TP3: $2920
🔥BUY GOLD zone: $2903 - $2905 SL $2898
TP1: $2912
TP2: $2920
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
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