⭐️GOLDEN INFORMATION: The significant upward movement during the day, on the other hand, appears to be largely unaffected by the generally positive risk sentiment, which typically undermines the value of safe-haven Gold. The assurance of additional government stimulus measures from China has boosted investor confidence and continues to support the optimistic market sentiment. However, the bearish US dollar is still acting as a favorable factor for the precious metal. Nonetheless, it remains uncertain if the XAU/USD will be able to take advantage of this momentum prior to the release of the FOMC meeting minutes, given the uncertainty surrounding when the Federal Reserve will begin cutting interest rates.
⭐️Personal comments NOVA: The end of November witnessed a steady increase in the price of Gold in the H4 frame. Currently, the price is approaching the 2000 area, the psychological resistance area here.
There will be corrections in this area, but the main trend is still up
⭐️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
Comment
Prices are still moving in a narrow range in the European session, waiting for a strong increase in the US session
Comment
The European session witnessed a downward adjustment of Gold. Prices may increase during the US session
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