Bulls continue to be active following NFP data

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⭐️GOLDEN INFORMATION:

Gold (XAU/USD) slips toward $3,360 in early Asian trading on Monday, snapping a two-day winning streak. However, disappointing U.S. job data and lingering tariff concerns could pressure the U.S. Dollar and help cushion the downside for the Dollar-denominated metal.

The yellow metal is under pressure from a recovering Greenback, though gains may remain capped as weaker-than-expected Nonfarm Payrolls (NFP) data has strengthened expectations of a Federal Reserve rate cut in the near term.


⭐️Personal comments NOVA:

Buyers maintained early in the week, continuing to move towards higher resistances: 3374, 3387

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3374- 3376 SL 3381
TP1: $3365
TP2: $3350
TP3: $3333


🔥BUY GOLD zone: $3328-$3326 SL $3321
TP1: $3335
TP2: $3348
TP3: $3360


⭐️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

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