⭐️GOLDEN INFORMATION: Gold price (XAU/USD) declines during Asian session on Wed, partially reversing previous day's gains. Profit-taking and repositioning trade ahead of Fed Chair Powell's testimony may be contributing factors. Investors will closely analyze Powell's remarks for clues about Fed's rate-cut path and its impact on USD, which will influence gold price dynamics.
⭐️Personal comments NOVA: Still giving priority to the rise of Gold, the market is too positive and looking forward to a new ATH point for Gold
⭐️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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GOLD price is currently sideways around the area above $2,120
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Gold price sideway waiting for ADP - NF news today
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Gold price is still trying to increase pressure near the $2140 area, ADP-NF data is bad for the dollar, good for Gold
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+ 45 pips, signal PLAN DAY SELL 2148-2150
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+ 75 pips, plan day SELL 2148-2150
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+ 175 pips, plan SELL 2148-2150
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Gold prices show determination to reach new peaks in March.
Trade active
Gold price increased sharply beyond the $2150 Resistance Zone, waiting for the next high price zone from Gold
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