Gold ATH continues to set, looking to 4050

470
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) extends its rally in the Asian session on Wednesday, breaking above the $4,000 mark for the first time ever. Expectations of further Fed rate cuts, persistent geopolitical tensions, and mounting economic uncertainty from the ongoing US government shutdown continue to fuel demand for the precious metal.

⭐️Personal comments NOVA:

The current gold buying power in the market is very large, the weakening of DXY this year is the main reason for the very strong growth in gold prices.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 4048 - 4050 SL 4055
TP1: $4040
TP2: $4030
TP3: $4020


🔥BUY GOLD zone: $3960-$3962 SL $3955
TP1: $3975
TP2: $3990
TP3: $4000

⭐️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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