⭐️GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD).
According to the minutes of the November Federal Open Market Committee (FOMC) meeting, all participants agreed that policy decisions would continue to be based on the complete set of incoming information. They also deemed it appropriate to maintain the target interest rate within the range of 5.25% to 5.5%.
⭐️Personal comments NOVA: After yesterday's strong price increase, surpassing the 2000 mark. Prices will tend to adjust slightly to gain liquidity before continuing to a new peak this year.
⭐️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
Comment
Still moving within the price increase range at the end of November
Comment
The price is still sideways around the 2000-2005 area waiting for Unemployment Claims news
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.