NF - Will the BIG SELL happen or not?

#XAU/USD#

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

China has imposed tariffs on select US goods in response to President Trump’s 10% levy on Chinese imports, escalating trade tensions between the world’s two largest economies and reinforcing demand for safe-haven gold.

On the economic front, the US Department of Labor (DoL) reported that initial jobless claims rose to 219K for the week ending February 1, up from the previous week’s revised 208K. Meanwhile, US Treasury Secretary Scott Bessent stated that the Trump administration is less concerned about the Federal Reserve’s rate path and is instead focused on lowering 10-year Treasury yields.

⭐️Personal comments NOVA:

The market is too expecting a price increase - big FOMO will have high risks. NF news will shock the market today, BIG SELL will happen

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2851 - $2949 SL $2845 scalping
TP1: $2855
TP2: $2860
TP3: $2865

🔥BUY GOLD zone: $2813 - $2811 SL $2806
TP1: $2820
TP2: $2828
TP3: $2835


⭐️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