Gold hits new ATH - optimistic for Gold

Nova-Scalper Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
⭐️Smart investment, Strong finance

The gold price (XAU/USD) surged to a new high of nearly $2,441 during Monday's Asian session due to expectations of interest rate cuts by the US Federal Reserve and escalating tensions in the Middle East. Both Russia and Ukraine engaged in attacks against each other over the weekend, further boosting safe-haven demand. Traders are now awaiting speeches from several Fed officials, including Bostic, Barr, Waller, Jefferson, and Mester, for insights on future monetary policy. Cautious or hawkish comments from these officials could limit the upside potential for gold.

⭐️Personal comments NOVA:
Gold price reached a new ATH of $2440 in the beginning of the week, buyers dominated, aiming for new ATH areas to come.


🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2400
TP2: $2415
TP3: $2430

🔥BUY GOLD zone: $2417 - $2415 SL $2412 scalping
TP1: $2425
TP2: $2431
TP3: $2440

🔥SELL GOLD zone: $2453 - $2455 SL $2460
TP1: $2445
TP2: $2438
TP3: $2430

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

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
After gold reached a new peak of 2450, there was a temporary downward correction
Gold price decreased during the European session - sideways around the $2430-$2440 range
+ 70 pips , PLAN DAY BUY 2415-2417 . Nice
Gold corrected to $2410 area after reaching ATH, still the main Uptrend
Gold prices tend to increase during the US session, surpassing the $2430 area
Gold prices show that buying pressure remains, hovering around the $2430 zone

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