Gold price is in a stable UP trend line !! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is moving within a narrow trading range as the European session begins on Tuesday. It remains close to the record high reached last week. The US Dollar (USD) is gaining strength, reaching its highest level since early November, due to expectations that the Federal Reserve (Fed) will postpone interest rate cuts in light of persistent inflation. This hawkish stance supports higher US Treasury bond yields and limits any significant increase in the value of gold, which does not generate interest.

Nevertheless, the downside for the gold price is protected by ongoing geopolitical tensions in the Middle East. These tensions tend to increase demand for traditional safe-haven assets. As a result, it seems that the XAU/USD is more likely to move upwards, and any substantial pullback could be viewed as an opportunity to buy. Traders are now focusing on US macroeconomic data and speeches by influential FOMC members, including Fed Chair Jerome Powell, for new market direction.

⭐️Personal comments NOVA:
Gold price increased strongly, approaching the 2400 zone, military tension and war factors led to the main reason for Gold's increase.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2360 - $2358 SL $2353
TP1: $2368
TP2: $2380
TP3: $2400

🔥SELL GOLD zone: $2406 - $2408 SL $2413
TP1: $2395
TP2: $2380
TP3: $2368

⭐️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
- The winner is the one who sticks with the market the longest

Comment:

Gold prices decreased and adjusted during the European session

Comment:

Nova updated PLAN DAY for today's US session Gold price strategy:

/ Buy 2358-2360 scalping

SL: 50 pips, TP: 100 pips

/Buy 2355-2353 SL 2348

TP: 2365 - 2378 - 2390

/Sell 2406-2408 SL 2413
TP: 2395 - 2380 - 2368

/Sell 2421-2423 SL 2428

TP: 2415 - 2408 - 2400

Comment:

Gold price breaks 2 trend lines, price will soon decrease around $2355

Trade active:

SET UP GOLD PRICE:

BUY GOLD zone: $2355 - $2353 SL $2348
TP1: $2362
TP2: $2370
TP3: $2380

SELL GOLD zone: $2406 - $2404 SL $2410
TP1: $2395
TP2: $2388
TP3: $2380

SELL GOLD zone: $2428 - $2430 SL $2435
TP1: $2420
TP2: $2405
TP3: $2390