Stable and sustainable price increase of Gold

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The significant upward movement during the day, on the other hand, appears to be largely unaffected by the generally positive risk sentiment, which typically undermines the value of safe-haven Gold. The assurance of additional government stimulus measures from China has boosted investor confidence and continues to support the optimistic market sentiment. However, the bearish US dollar is still acting as a favorable factor for the precious metal. Nonetheless, it remains uncertain if the XAU/USD will be able to take advantage of this momentum prior to the release of the FOMC meeting minutes, given the uncertainty surrounding when the Federal Reserve will begin cutting interest rates.

⭐️Personal comments NOVA:
The end of November witnessed a steady increase in the price of Gold in the H4 frame. Currently, the price is approaching the 2000 area, the psychological resistance area here.

There will be corrections in this area, but the main trend is still up

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1980 - $1982 SL $1977 scalping
TP1: $1985
TP2: $1988
TP3: $1992

🔥BUY GOLD zone: $1968 - $1970 SL $1960
TP1: $1978
TP2: $1985
TP3: $1998

🔥SELL GOLD zone: $1998 - $2000 SL $2005
TP1: $1993
TP2: $1987
TP3: $1980

⭐️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:

Prices are still moving in a narrow range in the European session, waiting for a strong increase in the US session

Comment:

The European session witnessed a downward adjustment of Gold. Prices may increase during the US session

Comment:

+ 60 pips , from signal SELL 1998-2000