⭐️GOLDEN INFORMATION: The price of gold (XAU/USD) is facing difficulties in attracting buyers and continues to be on the defensive for the third consecutive day on Wednesday. The precious metal is trading around the $1,987-1,986 range during the early European session, but it is managing to stay above a two-week low of around $1,957-1,956 that was reached on Tuesday. Traders are currently hesitant and are waiting for more clarity regarding the Federal Reserve's rate-hike plans before making any new bets on the direction of gold.
⭐️Personal comments NOVA: The price adjustment period has occurred. The price will continue to sideway in the H1 frame before returning to the 1980 resistance area
⭐️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⭐️Smart investment, Strong finance
Comment
Price touched entry 1959.5 and increased again. Missing 25 pips to match BUY 1957 entry.
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