Adjustment - gold price drops! Waiting for the new US president

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⭐️GOLDEN INFORMATION:
Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing.

Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing.

⭐️Personal comments NOVA:
Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping
TP1: $2750
TP2: $2740
TP3: $2730

🔥SELL GOLD zone: $2771 - $2773 SL $2778
TP1: $2765
TP2: $2750
TP3: $2740


🔥BUY GOLD zone: $2717 - $2715 SL $2710
TP1: $2725
TP2: $2732
TP3: $2740

⭐️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
Сделка активна
Sideway gold price around 2735-2745 at the beginning of the week
Заявка отменена
Gold price dropped to support zone H1: 2735
Сделка активна
The trading range is being maintained in the 2730 -2750 range, the sideway amplitude is large
Заявка отменена
The US session continues sideways - price range 2735-2745. Financial markets wait - be careful this week
Сделка активна
Monday starts with the correct trend - sideway and bearish correction.
Сделка закрыта: достигнута стоп-лосс цена
100% accurate PLAN DAY, downtrend before the election and continued shortly after the election
Beyond Technical AnalysisgoldsellgoldshortTechnical IndicatorssellgoldsellsignalselltradeshortgoldTrend AnalysisXAUUSDxauusdsellxauusdshort

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