Gold Spot / U.S. Dollar
Long
Updated

XAU SCALPING ! Resistance 2712 entry SELL

978
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The yield on the benchmark 10-year US Treasury bond continued to pull back from the 14-month high reached on Monday, pushing the US Dollar to a one-week low. However, investor confidence that the Federal Reserve will pause its rate-cutting cycle later this year has renewed demand for the USD, limiting gains for XAU/USD. Richmond Fed President Tom Barkin acknowledged progress toward the central bank's 2% inflation target in recent data but emphasized the need to maintain restrictive interest rates.

⭐️Personal comments NOVA:
Uptrend continues today - scalping sell short resistance zone 2712

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2712 - $2714 SL $2717
TP1: $2708
TP2: $2703
TP3: $2695


⭐️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
Great , + 40 pips signal scalping . Sell 2712-2714
Trade closed: target reached
Gold price moved up above the 2720 mark, exactly in an uptrend

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