Gold Spot / U.S. Dollar
Short
Updated

DOWN trend for Gold!! Expected mark $2300

1 575
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) dips for the second day, hitting over a week's low during Wednesday's Asian session. Influential Federal Reserve officials' recent hawkish comments imply no imminent rate cuts due to a strong US economy. This boosts US Treasury bond yields and the US Dollar, negatively impacting the non-yielding gold.

⭐️Personal comments NOVA:
Gold price in the H1 trend line is decreasing - selling pressure exists. Pay attention to support areas

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2294 - $2292 SL $2287
TP1: $2300
TP2: $2308
TP3: $2315

🔥BUY GOLD zone: $2300 - $2302 SL $2297 scalping
TP1: $2306
TP2: $2310
TP3: $2315

🔥SELL GOLD zone: $2334 - $2336 SL $2341
TP1: $2328
TP2: $2320
TP3: $2310


⭐️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
- The winner is the one who sticks with the market the longest
Note
Gold price still keeps the sideway level below 2320 after the Asian session
Note
+ 40 pips , signal PLAN DAY 2292-2294
Note
+ 75 pips , great signal BUY
Note
+ 85 pips, signal BUY PLAN DAY 2292-2294
Note
Gold price is maintaining its recovery, retesting the 2300-2305 range

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.