Scalping XAU !! 22/1/2024 stuck at the border of 2 trendlines

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing renewed selling pressure at the start of the week, putting a halt to its two-day recovery from the $2,000 mark. This level is considered a psychological threshold, and the price had dropped to a one-month low last Wednesday. Last week, positive macroeconomic data from the United States indicated a resilient economy, giving the Federal Reserve (Fed) room to maintain higher interest rates for a longer period. Additionally, hawkish comments from several Fed officials have led investors to lower their expectations for a more aggressive policy easing in 2024. As a result, this is undermining the appeal of gold as an investment, as it does not generate yield.

⭐️Personal comments NOVA:
The price is having a certain compression, stuck in 2 trendlines. The setup touches the downtrend line, a SELL signal

⭐️SET UP GOLD PRICE:


🔥SELL GOLD zone: $2025 - $2027 SL $2030
TP1: $2021
TP2: $2017



⭐️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

Comment:

Gold price has touched the SELL 2025 -2027 entry, the trendline resistance price area

Comment:

What a pity for the 2025-2027 scalping Sell signal: price hits SL and drops 100 pips