⭐️GOLDEN INFORMATION: The price of gold (XAU/USD) is moving downwards, reaching $2,027 in the early Asian session on Monday. The strong economic data from the United States has led to expectations that the Federal Reserve (Fed) may postpone interest rate cuts, thereby strengthening the US Dollar (USD). The crucial support level for gold is currently at the psychological mark of $2,000. On Friday, the market may experience volatility due to the release of the US Core Personal Consumption Expenditures Price Index (Core PCE) for December.
⭐️Personal comments NOVA: The recovery at the end of January 2024 continues. Sideway Monday trading session with short amplitude
⭐️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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Always follow NOVA for the best comments and signals
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Sideway prices are as expected around the 2020-2030 region, with a narrow range
Trade active
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+ 65 pips , signal PLAN DAY BUY 2017
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+ 95 pips. Great signal PLAN DAY BUY 2015-2017
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The price is still sideways around the 2020 area, waiting for new motivation from today's news
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