Steady correction DOWN trend!! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing difficulties in gaining significant momentum after experiencing a slight decline from the $2,040 level yesterday. It is currently moving within a tight trading range during the Asian session on Wednesday. Traders appear hesitant and are choosing to wait for the upcoming release of the most recent consumer inflation data on Thursday before making any new directional trades.

⭐️Personal comments NOVA:
Gold price is in a stable downward adjustment rhythm, with strong selling pressure. Price trading below the EMA shows the main downtrend

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2010 - $2012 SL $2007 scalping
TP1: $2016
TP2: $2020
TP3: $2025

🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030

🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2040
TP2: $2025
TP3: $2012

⭐️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

評論:

The price increased suddenly through the European session, sweeping liquidity in the 2030-2040 area. Before continuing down

評論:

Set up signal SELL SCALPING 2035-2037 SL 2040
TP: 2030, 2020

評論:

+ 50 pips , for signal SELL SCALPING

評論:

Gold price continues to sideway below the 2040 area, waiting for CPI news tomorrow

評論:

+ 120 pips , for signal SELL 2035-2037

評論:

Gold price continues to adjust, below c
Region 2030