Gold falls - the market is still in an Uptrend

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⭐️GOLDEN INFORMATION:
Conversely, some Federal Reserve (Fed) officials remain cautious about further rate cuts, which could limit gold’s upward potential. Markets are recalibrating their expectations for Fed rate reductions next year as inflation concerns take center stage. Elevated interest rates tend to diminish gold's attractiveness. According to the CME FedWatch Tool, traders now see a 50.9% probability of a 0.25% rate cut, a decline from 69.5% just a month ago.

⭐️Personal comments NOVA:
Gold decreased at the beginning of the week, the market created more liquidity in the price range below 2700

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2685 - $2687 SL $2700 scalping
TP1: $2680
TP2: $2675
TP3: $2670

🔥SELL GOLD zone: $2739 - $2741 SL 2746
TP1: $2730
TP2: $2715
TP3: $2700


🔥BUY GOLD zone: $2653 - $2651 SL $2646
TP1: $2665
TP2: $2680
TP3: $2690

⭐️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
Trade ist aktiv
+ 100 pips , great SELL PLAN DAY 2685-2687
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