Sideway at the beginning of the week, SCALPING XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
During Monday's Asian session, the price of gold remained above $1,920. The yellow metal experienced a break in its losing streak on Friday due to a decrease in the value of the US Dollar (USD). This decrease can be attributed to falling US Treasury yields.

However, there has been a rebound in US bond yields. By press time, the yield on the 10-year US Treasury note had increased by 0.50% to reach 4.45%.

According to recent data from S&P Global, business activity in the United States (US) showed little change in September. The S&P Global Manufacturing PMI improved from 47.9 to 48.9 compared to the previous month's reading of 48.0.

Overall, these developments indicate that although there have been fluctuations in market conditions and economic indicators for gold and the USD recently, they continue to impact each other as investors assess risk factors and adjust their positions accordingly.

⭐️Personal comments NOVA:
Monday morning with the sluggishness of the gold price, there is no important news during the day and the price will still go sideways within the 1915-1930 range.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1916 - $1914 SL $1910
TP 1: $1920
TP2: $1925

🔥SELL GOLD zone: $1925 - $1927 SL $1931
TP1: 1920
TP2: 1914


⭐️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:

+ 30 pips , exact chart

Comment:

+ 40 pips , from entry SELL 1927

Comment:

+ 30 pips , from entry Buy 1915.3