Upward trend following the trendline - 4568

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Upward trend following the trendline - 4568GoldOANDA:XAUUSDNova-Scalper⭐️GOLDEN INFORMATION: Gold (XAU/USD) eases back from a fresh record peak near the $4,550 mark during Asian trading on Monday, as market participants lock in profits ahead of the holiday period. The pullback is further reinforced by a firmer US Dollar, which tends to create headwinds for the precious metal by increasing its cost for non-US investors. Even so, the broader bullish narrative remains firmly intact. Gold has rallied nearly 70% so far in 2025—marking its strongest annual performance since 1979—and downside risks appear limited. Markets continue to anticipate a more accommodative Federal Reserve policy stance in 2026, with lower interest rates reducing the opportunity cost of holding non-yielding assets such as Gold. In addition, persistent geopolitical tensions are likely to sustain safe-haven demand, providing an ongoing structural tailwind for the yellow metal. ⭐️Personal comments NOVA: Upward trend - gold is moving towards 4568 along the upper trendline. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 4568 - 4570 SL 4575 TP1: $4550 TP2: $4535 TP3: $4520 🔥BUY GOLD zone: 4487 - 4485 SL 4480 TP1: $4498 TP2: $4512 TP3: $4528 ⭐️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