Gold Spot / U.S. Dollar
Long
Updated

PPI, gold price opportunity to create new ATH above 2956

694
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:

Core CPI, excluding volatile food and energy prices, eased from 3.3% in January to 3.1% year-over-year, signaling ongoing disinflation in the U.S. economy.

Meanwhile, the Atlanta Fed’s GDPNow model projects a -2.4% contraction for Q1 2025, marking the first negative reading since the COVID-19 pandemic.

Money market traders have adjusted their expectations for Federal Reserve easing in 2025, pricing in 71 basis points of rate cuts—down from 77 bps the previous day, according to Prime Market Terminal data.

⭐️Personal comments NOVA:

Gold has accumulated, continues to grow and heads towards a new ATH: 2976

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2954 - $2956 SL $2959 scalping
TP1: $2950
TP2: $2945
TP3: $2940

🔥SELL GOLD zone: $2975 - $2977 SL $2982
TP1: $2968
TP2: $2960
TP3: $2950

🔥BUY GOLD zone: $2920 - $2918 SL $2913
TP1: $2930
TP2: $2940
TP3: $2950

⭐️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
Trade active
Gold price is going exactly Plan Day, the trend of increasing continues

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