⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) saw slight losses on Monday as investors paused after the recent record high, waiting for more clarity on the Federal Reserve's (Fed) policy plans. Attention is now on the release of the July FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday. His comments will be key in guiding expectations for future interest rate cuts, which will influence the US Dollar (USD) and gold's next move.
Meanwhile, the growing belief that the Fed will start easing rates in September, due to signs of cooling inflation, has pushed the USD Index (DXY) to its lowest level since January. Ongoing geopolitical tensions in the Middle East and the Russia-Ukraine war continue to support gold. However, a positive market sentiment and hopes for a Gaza ceasefire may limit significant gains for XAU/USD. Despite this, the overall outlook favors bulls, with any significant dip likely seen as a buying opportunity.
⭐️Personal comments NOVA: Gold price is currently sideways around $2500, accumulating waiting for FOMC interest rate information on Wednesday. Still supporting the Uptrend
⭐️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
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Gold price moves accurately PLAN today, sideways around 2500-2510
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Gold price continues to touch new ATH today: 2523 - wait for PLAN DAY SELL
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Gold price created ATH - and is still increasing, approaching the 2530 price range
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+ 30 pips, PLAN DAY SELL 2530-2532
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+ 120 pips , PLAN DAY SELL 2530-2532 , amazing
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+ 240 pips , signal PLAN DAY SELL 2530-2532
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+ 310 pips, amazing SIGNAL PLAN DAY SELL 2530-2532
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New ATH for Gold - bearish correction around 2510 area
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