Or / Dollar Américain
Long

The bulls are too dominant, prices continue to increase

725
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) extends its record-breaking rally above $4,100 in Tuesday’s Asian session, fueled by safe-haven demand amid the ongoing US government shutdown and renewed US-China trade tensions. Geopolitical risks and rising expectations of further Federal Reserve rate cuts also continue to underpin the non-yielding metal.

⭐️Personal comments NOVA:

Selling pressure is almost absent in the market, buying pressure continues to push gold prices up. Continue waiting for a new ATH today.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 4212 - 4214 SL 4219
TP1: $4200
TP2: $4185
TP3: $4162


🔥BUY GOLD zone: $4058-$4056 SL $4051
TP1: $4070
TP2: $4090
TP3: $4105

⭐️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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