Gold maintains a strong downtrend

7일 전

SCALPING XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The CME Group's FedWatch Tool shows the likelihood of a 25-basis-point rate cut at the next FOMC meeting has surged to over 80%, up from under 60% on Tuesday. Dallas Fed President Lorie Logan remarked that while significant progress has been made in lowering inflation, the central bank should move forward carefully.

⭐️Personal comments NOVA:
After breaking the D frame support zone (2550), the downtrend will continue, waiting for the SELL SCALPING TEST 2550 zone.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2549 - $2551 SL $2554
TP1: $2544
TP2: $2538
TP3: $2530

⭐️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