XAU recovers - returns to downtrend retest zone

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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The Federal Reserve cut interest rates at its December meeting as anticipated but signaled a slower pace of future reductions. The updated dot plot, which outlines projected rate trends, now suggests a half-percentage-point cut in 2025, down from the full percentage-point reduction forecasted in September. This shift continues to strengthen the US Dollar (USD) and weigh on USD-denominated Gold, as rising real interest rates increase the opportunity cost of holding non-yielding assets like gold.

On the other hand, weaker-than-expected US inflation data may help limit gold’s downside. The Personal Consumption Expenditures (PCE) Price Index rose to 2.4% year-over-year in November, up from 2.3% in October but slightly below the 2.5% market estimate. Meanwhile, Core PCE remained steady at 2.8% but fell short of the expected 2.9%.

⭐️Personal comments NOVA:
Gold H1 frame recovered and retested the break zone in the downtrend, mainly sideways price below 2650 zone

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2643 - $2645 SL $2651
TP1: $2635
TP2: $2620
TP3: $2610


🔥BUY GOLD zone: $2606 - $2604 SL $2599
TP1: $2615
TP2: $2628
TP3: $2640


⭐️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

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downtrend is correct, let's wait for PLAN DAY BUY 2606