⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is attracting some buying for the second consecutive day on Thursday. However, the buying lacks momentum and the price remains within a familiar range that has been held for the past three days during the first half of the European session. On the fundamental front, there is a growing belief that the Federal Reserve (Fed) has completed its tightening campaign and will begin cutting rates as early as March 2024. Additionally, recent dovish comments from officials at the European Central Bank (ECB), as well as the decisions by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) to keep rates steady, have raised hopes that interest rates have reached their peak globally. Consequently, this is viewed as a significant factor supporting the non-yielding yellow metal.
⭐️Personal comments NOVA:
Scalping intraday, price has low volume, sideways waiting for news today. There is a resistance zone at 2033-2035 setting up a SELL signal before the Unemployment Claims news
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2033 - $2035 SL $2038 Scalping
TP1: $2030
TP2: $2027
TP3: $2024
⭐️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