⭐️GOLDEN INFORMATION: Gold price (XAU/USD) continues to gain traction for the second consecutive day, reaching its highest level since November 6, around $2,726 during Tuesday's Asian session. Renewed trade war concerns, sparked by US President Donald Trump's suggestion of imposing tariffs on Canada and Mexico, have increased demand for the safe-haven precious metal.
Additionally, a drop in US Treasury bond yields—driven by expectations that the Federal Reserve (Fed) will implement two rate cuts this year amid signs of easing inflation—further supports the appeal of non-yielding Gold.
⭐️Personal comments NOVA: Gold price continues to increase in large frame, break 2725 and buying power is stronger
⭐️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
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