⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows.
⭐️Personal comments NOVA:
Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2277 - $2275 SL $2270
TP1: $2285
TP2: $2292
TP3: $2300
🔥SELL GOLD zone: $2325 - $2323 SL $2330
TP1: $2318
TP2: $2310
TP3: $2300
⭐️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