Technical analysis by Nova-Scalper about Symbol PAXG: Buy recommendation (12/10/2024)

SCALPING XAU / USD⭐️Smart investment, Strong finance⭐️GOLDEN INFORMATION:Gold price (XAU/USD) pares most of its intraday gains, hovering near the two-week high reached the day before, and trades slightly higher above $2,660 in early European trading on Tuesday. The US Dollar (USD) continues to gain momentum, extending its rebound from a nearly one-month low following the NFP report, as expectations grow that the Federal Reserve (Fed) will take a cautious approach to rate cuts. This remains a key factor limiting the appeal of the non-yielding yellow metal and restricting its upside.⭐️Personal comments NOVA:Gold price is having a good recovery after a lot of good news for this precious metal, priority is given to scalping with the trend, support zone 2655⭐️SET UP GOLD PRICE:🔥BUY GOLD zone: $2656 - $2654 SL $2649 scalpingTP1: $2665TP2: $2678TP3: $2688⭐️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 accountThe uptrend continues as planned - touching the 2690 zoneGold price returned to the 2700 mark - a strong uptrend