Gold Spot / U.S. Dollar
Short
Updated

SCALPING XAU ! resistance 2882 entry SELL today

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

The benchmark 10-year US Treasury yield dropped to its lowest level since December 12 this week, driven by expectations of two Fed rate cuts by the end of 2025, further boosting demand for non-yielding gold.

Chicago Fed President Austan Goolsbee attributed the recent inflation stagnation to base effects, emphasizing the need to balance overheating risks with economic stability. Meanwhile, Dallas Fed President Lorie Logan acknowledged significant inflation progress but noted that the labor market remains too strong to justify imminent rate cuts. However, this did little to strengthen the US Dollar.

⭐️Personal comments NOVA:

Nova still thinks the market today will have a surprise for NF, the market will fall freely, going against the current majority psychology.

⭐️SET UP GOLD PRICE:

🔥 SELL GOLD zone: $2881 - $2883 SL $2888
TP1: $2870
TP2: $2860
TP3: $2850

⭐️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
Trade active
Market Sideway around 2850-2870, accumulating not too many great fluctuations

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