⭐️GOLDEN INFORMATION: The price of gold (XAU/USD) experienced slight downward pressure on Thursday following its recent three-week high. The valuable metal gave up some of its gains as investors took profits after a significant rally over the past two weeks. This occurred as the cost of holding the non-interest-bearing metal increased due to the recovery of US Treasury yields.
⭐️Personal comments NOVA: Based on today's correction, test the price trend at 2085 and signal SELL
⭐️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
Price adjusted to 2070 and rebounded to 2080. Showing that the Uptrend is still there
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