⭐️GOLDEN INFORMATION: The price of gold (XAU/USD) is showing a positive trend for the second consecutive day on Friday. This also marks the fourth day out of the last five where it has been on the rise. Currently, it is just below a nearly two-week high that was reached yesterday. The latest macro data from the United States (US) has strengthened expectations of a prolonged pause by the Federal Reserve (Fed). Additionally, the markets are anticipating potential interest rate cuts, possibly in the first half of 2024. This has resulted in a decrease in US Treasury bond yields and continues to provide support for the non-yielding yellow metal.
⭐️Personal comments NOVA: Prices have formed a nice rising trendline. Economic data is still supporting prices to continue growing at the end of the year
⭐️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 - The winner is the one who sticks with the market the longest
Comment
The price is trending down first, still continuing sideways in the trendline
Comment
The price is prepare ACTIVE in the 1994 -1996 sell zone, maybe SELL around the 1993 zone
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