New peak of Gold is established !! Amazing

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to strengthen after a notable rally in the past few weeks, reaching a new all-time high around the $2,144-2,145 range during Monday's Asian session. However, it has since retraced some of its gains and is currently trading below the $2,100 level, still showing a 0.70% increase for the day. The rise in US Treasury bond yields has attracted buyers to the US Dollar (USD), leading to profit-taking by gold bulls due to overbought conditions on the daily chart. Nonetheless, the expectation that the Federal Reserve (Fed) will no longer raise interest rates and might begin easing its monetary policy by the first half of 2024 could continue to support gold, which does not yield interest.

⭐️Personal comments NOVA:
Start the trading session with a crazy price increase. Officially reached a new peak

Currently, prices are adjusting to stabilize, creating balance in the market

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2070- $2072 SL $2067 scalping
TP1: $2077
TP2: $2082
TP3: $2090

🔥BUY GOLD zone: $2053 - $2055 SL $2045
TP1: $2060
TP2: $2070
TP3: $2080

⭐️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
- The winner is the one who sticks with the market the longest

Comment:

The price peaked at 2150, then dropped sharply back to 2060. This proves that this is the current real value, the FOMO in the opening Asian session has ended.

Comment:

The craziest scenario in Gold history. Terrible selling pressure causes the price of Gold to approach the 2020 region. We should not trade at this time, waiting for the market to stabilize.