⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) consolidates in a bullish phase below $2,350, the previous day's all-time peak. The US Dollar benefits from expectations that the Federal Reserve (Fed) may postpone interest rate cuts, keeping US Treasury bond yields high. With a positive risk sentiment and overextended conditions on the daily chart, there is limited demand for gold.
⭐️Personal comments NOVA:
Gold price has peaked and is in an Uptrend line. There are no signs of price correction and continue to target new peaks
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2328 - $2326 SL $2321
TP1: $2340
TP2: $2355
TP3: $2367
🔥SELL GOLD zone: $2367 - $2369 SL $2375
TP1: $2360
TP2: $2350
TP3: $2340
⭐️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