Scalping XAU! 28/11 Accumulate price range

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest rate cuts in 2024. As a result, US bond yields and the value of the US dollar are expected to remain restrained. Furthermore, concerns regarding a global economic downturn and a generally weaker performance in European stock markets should provide some support for the safe-haven appeal of precious metals. Considering these factors, bearish traders should exercise caution ahead of the release of important inflation data from the US this week.

⭐️Personal comments NOVA:
The price is still accumulating sideways before continuing to overcome the 2020 resistance area

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2016 - $2018 SL $2021
TP1: $2012
TP2: $2008
TP3: $2005


⭐️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

Kommentera:

+ 17 pips , now for signal SELL SCALPING

Kommentera:

+ 22 pips , for scalping SELL

Kommentera:

+ 30 pips , signal sell

Kommentera:

The uptrend has officially worked as expected. Gold prices are having great hype and excitement from the market.