Gold Spot / U.S. Dollar
Long

Continued accumulation - gold price rises above 4300

310
⭐️GOLDEN INFORMATION:

US inflation data surprised to the downside, with headline CPI easing to 2.7% in November, as reported by the Bureau of Labor Statistics on Thursday, well below the market forecast of 3.1%. Core CPI, which strips out food and energy, also undershot expectations, rising just 2.6% versus consensus calls for a 3.0% gain.

Commenting on the softer print, BMO Capital Markets senior economist Sal Guatieri noted that the sharper-than-anticipated cooling in US consumer prices should help clear the path for additional Federal Reserve policy easing in 2026, reinforcing dovish expectations across rates markets.

⭐️Personal comments NOVA:

The bulls continue to accumulate gains above 4300 - an uptrend towards the end of 2025.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 4382 - 4384 SL 4389
TP1: $4370
TP2: $4360
TP3: $4345

🔥BUY GOLD zone: 4271 - 4273 SL 4266
TP1: $4285
TP2: $4300
TP3: $4315

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.