FOMO - reach higher ATH! XAU maybe reach 2590

6일 전⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a weaker US Dollar, benefiting the non-yielding metal.

Geopolitical tensions in the Middle East and the Russia-Ukraine conflict also bolster gold's safe-haven appeal. The recent breakout from a multi-week range suggests further upside, though bulls may remain cautious ahead of next week’s key central bank decisions from the Fed, BoE, and BoJ.

⭐️Personal comments NOVA:
Break old ATH 2531, fomo Gold price has huge buying pressure. Continue to expect the price range of 2590, the new ATH for Gold

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2547 - $2545 SL $2542
TP1: $2552
TP2: $2560
TP3: $2570

🔥BUY GOLD zone: $2530 - $2528 SL $2523
TP1: $2540
TP2: $2550
TP3: $2560

🔥SELL GOLD zone: $2590 - $2592 SL $2597
TP1: $2575
TP2: $2560
TP3: $2550

⭐️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
- The winner is the one who sticks with the market the longest

6일 전

액티브 트레이드

Gold price sideway is around 2560-2570 in the European session, waiting for the US session

6일 전

액티브 트레이드

The market slowed down during the European session, trading around the 2560-2570 range

6일 전

액티브 트레이드

Gold price is stable - sideway around 2570 at the end of the week. Wait for FOMC next week

6일 전

액티브 트레이드

Gold price creates new ATH 2582, gold price pushes up

6일 전

액티브 트레이드

New ATH 2586 - slightly missing for SELL PLAN DAY entry. The bullish cycle still remains for gold