XAU ! Monday Expect an increase at the beginning of the week

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to decline and remains in negative territory for the sixth consecutive day in early Asian trading on Monday. The increased demand for the US Dollar (USD) is causing some selling pressure on gold, which is priced in USD. Currently, the precious metal is trading around $1,846, experiencing a 0.12% loss for the day. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of foreign currencies, remains above 106.25 after rebounding from its low of 105.65 on Friday.

⭐️Personal comments NOVA:
Let's wait for the results of the PMI news on Monday at the beginning of the week, the selling pressure still continues. Still hoping for a short-term increase

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1839 - $1841 SL $1836 scalping
TP1: $1845
TP2: $1848
TP3: $1851

🔥SELL GOLD zone: $1860 - $1863 SL $1870
TP1: 1855
TP2: 1848
TP3: 1840

🔥SELL GOLD zone: $1882 - $1885 SL $1892
TP1: 1875
TP2: 1868
TP3: 1855

⭐️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:

+ 60 pips , MORE TP1 , from entry 1839,6

Kommentera:

Gold prices continue to show a strong downward trend, with a lot of news this week. This is another week of big fluctuations for Gold

Kommentera:

The downtrend clearly dominates, making small investors even more fearful

Kommentera:

Gold price falls sharply around the 1817 area. Everyone is cautious with the BUY signal, waiting for a safe support entry point around the 1805 area.