SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Concerns over US President-elect Donald Trump's tariff plans, ongoing geopolitical uncertainty, and expectations of another Fed rate cut this month continue to support safe-haven demand for Gold. At the same time, market belief that Trump's policies could drive inflation higher and prompt the Fed to maintain elevated interest rates for longer is boosting US Treasury yields. This provides some support to the US Dollar (USD), limiting Gold’s upward momentum.
Given these mixed signals, caution is advised before making new bullish bets. Traders now turn their focus to the US JOLTS Job Openings data for potential short-term trading opportunities around XAU/USD.
⭐️Personal comments NOVA:
Small frame gold price continues sideways, there are still SACLPING signals in the 2622 price range
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2623 - $2621 SL $2618 scalping
TP1: $2628
TP2: $2633
TP3: $2640
⭐️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