price trend up - waiting for ATH 2843⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US 10-year Treasury yield declines by 1.5 basis points to 4.537%, while real yields, measured by 10-year TIPS, remain steady at 2.095%. Meanwhile, the ISM Manufacturing PMI for January climbs to 50.9, exceeding expectations of 49.8 and improving from December’s 49.2, signaling stronger business activity. A deeper look into the data reveals rising input costs, with the prices paid sub-index increasing from 52.5 to 54.9. Additionally, the employment index jumps from 45.4 in December to 50.3, indicating improved labor conditions in the sector.
⭐️ Personal comments NOVA:
Gold price is maintaining above $2800, long-term uptrend, fomo from the market creating ATH has not stopped
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2843 - $2845 SL $2850
TP1: $2838
TP2: $2830
TP3: $2820
🔥 SELL GOLD zone: $2829 - $2831 SL $2834 scalping
TP1: $2824
TP2: $2818
TP3: $2810
🔥 BUY GOLD zone: $2772 - $2770 SL $2765
TP1: $2780
TP2: $2790
TP3: $2800
⭐️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