Gold Spot / U.S. Dollar
Long
Updated

XAU ! Scalping ! Buy according to the main short-term trend

723
SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) pares most of its intraday gains, hovering near the two-week high reached the day before, and trades slightly higher above $2,660 in early European trading on Tuesday. The US Dollar (USD) continues to gain momentum, extending its rebound from a nearly one-month low following the NFP report, as expectations grow that the Federal Reserve (Fed) will take a cautious approach to rate cuts. This remains a key factor limiting the appeal of the non-yielding yellow metal and restricting its upside.

⭐️Personal comments NOVA:
Gold price is having a good recovery after a lot of good news for this precious metal, priority is given to scalping with the trend, support zone 2655

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2656 - $2654 SL $2649 scalping
TP1: $2665
TP2: $2678
TP3: $2688


⭐️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
Trade active
The uptrend continues as planned - touching the 2690 zone
Trade closed: target reached
Gold price returned to the 2700 mark - a strong uptrend

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