⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) dips for the second day, hitting over a week's low during Wednesday's Asian session. Influential Federal Reserve officials' recent hawkish comments imply no imminent rate cuts due to a strong US economy. This boosts US Treasury bond yields and the US Dollar, negatively impacting the non-yielding gold.
⭐️Personal comments NOVA:
Gold price in the H1 trend line is decreasing - selling pressure exists. Pay attention to support areas
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2294 - $2292 SL $2287
TP1: $2300
TP2: $2308
TP3: $2315
🔥BUY GOLD zone: $2300 - $2302 SL $2297 scalping
TP1: $2306
TP2: $2310
TP3: $2315
🔥SELL GOLD zone: $2334 - $2336 SL $2341
TP1: $2328
TP2: $2320
TP3: $2310
⭐️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