Will gold continue to jump and create ATH?
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges lower during the Asian session on Tuesday, pulling back from its recent record high. A recovering US Dollar (USD) from its lowest level since December 10 weighs on demand for the metal. Additionally, overbought conditions lead some traders to trim their bullish positions. However, the broader market outlook suggests caution before making strong bearish moves.
⭐️Personal comments NOVA:
Gold price is maintaining an upward trend, TRENDLINE H1
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2917 - $2915 SL $2910
TP1: $2922
TP2: $2930
TP3: $2940
🔥SELL GOLD zone: $2966 - $2968 SL $2973
TP1: $2960
TP2: $2950
TP3: $2940
⭐️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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