Correction down - gold under selling pressure

5 天前

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

The World Gold Council (WGC) reported that central banks bought over 1,000 tons of gold for the third year in a row in 2024. After Trump's election win, central bank gold purchases jumped by more than 54% year-over-year, reaching 333 tons, according to WGC data.

Meanwhile, futures on money market Fed funds rates suggest the Federal Reserve is expected to cut rates by 38.5 basis points in 2025.

⭐️Personal comments NOVA:

Gold price recovered to the h1 trendline area, will continue to be under selling pressure, trading below 2900

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2923 - $2925 SL $2930
TP1: $2918
TP2: $2910
TP3: $2900

🔥BUY GOLD zone: $2855 - $2857 SL $2850
TP1: $2862
TP2: $2870
TP3: $2880

⭐️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

4 天前

交易進行

correct PLAN DAY trend, gold price down from 2906 . continue sideway

3 天前

交易結束：目標達成

Gold price recovers to find ATH for the 3rd time 294x