⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day.
⭐️Personal comments NOVA:
Gold price is completing a DOWN correction. Today with many important economic data such as: PMI, ADP - NF and FOMC will determine the Gold price trend in early May until 2024.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2260 - $2262 SL $2255
TP1: $2270
TP2: $2278
TP3: $2285
🔥SELL GOLD zone: $2324 - $2326 SL $2330
TP1: $2310
TP2: $2295
TP3: $2280
⭐️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
- The winner is the one who sticks with the market the longest