World tension! Gold price momentum increases

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⭐️GOLDEN INFORMATION:
Gold recorded consecutive gains on Tuesday, rising by 0.70% as escalating tensions in the Russia-Ukraine conflict fueled risk aversion. Investors turned to the safe-haven metal, pushing its price above $2,600 after hitting a two-month low of $2,536.

At the time of writing, XAU/USD is trading at $2,629. The metal's rise was supported by declining US Treasury yields and a weaker US Dollar amidst a light economic calendar. Geopolitical risks also played a major role, with Russia’s intensified attacks on Ukraine and US President Joe Biden’s authorization of long-range missile use within Russia further boosting demand for Gold.

⭐️Personal comments NOVA:
Gold prices recovered at the end of November 2024 thanks to tensions in the world, Russia - Ukraine; Korean peninsula. Recovery continues

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2672 - $2674 SL $2679
TP1: $2665
TP2: $2650
TP3: $2640

🔥BUY GOLD zone: $2612 - $2610 SL $2607 scalping
TP1: $2618
TP2: $2625
TP3: $2640

🔥BUY GOLD zone: $2576 - $2578 SL $2571
TP1: $2588
TP2: $2600
TP3: $2610

⭐️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
Gold price continues to sideways around the 2620-2630 range, waiting for greater fluctuations in the US session
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