FOMC - Can Gold Return to ATH 2789?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to extend its previous gains, fluctuating above $2,760 during the Asian session on Wednesday. Improved stability in equity markets limits demand for the safe-haven metal.
However, a renewed decline in US Treasury yields and expectations of further Federal Reserve (Fed) rate cuts this year restrain the US Dollar’s recovery from a one-month low. Additionally, uncertainty surrounding US President Donald Trump’s tariff policies provides support for gold.
⭐️Personal comments NOVA:
Gold price recovers - market is positive again after a short correction. FOMC important information for the market to continue to be positive or not
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2787 - $2789 SL $2794
TP1: $2780
TP2: $2770
TP3: $2760
🔥BUY GOLD zone: $2716 - $2718 SL $2711
TP1: $2725
TP2: $2732
TP3: $2740
⭐️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