Sideway waits for economic data this week ! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) is consolidating its recent rally to the $2,200 neighborhood, reaching a fresh record high on Friday. The spike in the US unemployment rate has increased expectations for interest rate cuts by the Federal Reserve (Fed). As a result, US Treasury bond yields remain low, hindering the US Dollar's recovery and providing support for gold.

⭐️Personal comments NOVA:
Gold price continues its upward trend to create a new peak, Monday trading session shows signs of sideway accumulation waiting for important data during the week, expecting corrections DOWN

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2157 - $2155 SL $2150
TP1: $2162
TP2: $2170
TP3: $2180

Maybe scalping BUY zone $2162 - $2164

🔥SELL GOLD zone: $2198 - $2200 SL $2205
TP1: $2190
TP2: $2180
TP3: $2170

⭐️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

코멘트:

Gold price is adjusting slightly, below $2,180, waiting for inflation data

코멘트:

Gold price is still sideways around 2180, with a narrow range

코멘트:

Gold prices are in the most exciting phase of the market, sideways may continue to break the peak during the week