Bulls continue to increase prices, waiting for ATH 3915

⭐️GOLDEN INFORMATION:

Markets, via the CME FedWatch Tool, now price in a 97% chance of a Fed rate cut in October and a 76% probability of another in December. Growing bets on easing pressured the US Dollar, making Gold more attractive to overseas buyers. Bullion also drew support from fears of a potential US government shutdown, with Washington gridlocked over funding and the Labor Department warning it would halt key data releases, including Friday’s jobs report, if a shutdown occurs.

⭐️Personal comments NOVA:

Gold price returns, continues to create new ATH 3875 in Asian session. Maintain buying power and continue the uptrend

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3915- 3917 SL 3922
TP1: $3905
TP2: $3890
TP3: $3880


🔥BUY GOLD zone: $3833-$3831 SL $3826
TP1: $3845
TP2: $3860
TP3: $3870

⭐️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