⭐️GOLDEN INFORMATION: Gold prices bounce back even as the US Dollar consolidates on Tuesday. However, the rise could be restrained as investors anticipate key US inflation data. Continued high US rates have pressured gold prices recently, but increasing Middle East tensions may temporarily support them.
⭐️Personal comments NOVA: Gold price is still recovering - however today's PPI data is likely to support the dollar - Gold is under selling pressure
⭐️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
Comment
Gold price sideway, disputed price range in the Asian session around $2340
Comment
Gold price is following the DAILY PLAN trend. Increased before today's PPI news
Comment
Gold price awaits important PPI data today, trading above $2,340
Comment
Ppi is good for the dollar - but Gold prices are still trending Up. Do not return to test area 2330.
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