Slight decline at the beginning of the week for Gold

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices rise near $2,360 amid increasing Middle East tensions, benefiting precious metals. This week's focus is on the US CPI, PPI, and Retail Sales, potentially revealing economic and inflation trends. Last week, several Federal Reserve officials delivered hawkish messages; Atlanta Fed's Raphael Bostic ruled out interest rate cuts in 2024 due to high inflation while Minneapolis Fed's Neel Kashkari adopted a "wait and see" stance on future monetary policy.

⭐️Personal comments NOVA:
Gold price is in a short-term downtrend, creating force to go up stronger, expected level $2400

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2330 - $2328 SL $2323
TP1: $2336
TP2: $2342
TP3: $2347

🔥SELL GOLD zone: $2378 - $2380 SL $2385
TP1: $2370
TP2: $2360
TP3: $2350


⭐️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

Commentaire:

Gold price decreased in the first session of the week - currently trading around 2350

Transaction en cours:

Gold price continued to fall sharply, falling below the 2350 area, breaking out 2346

SELL 2346-2348 SL 2353

TP: 40 - 60 -100 pips

Commentaire:

Gold price started sideways around 2340-2350, during the US session on Monday

Commentaire:

+ 140 pips, signal SELL 2346-2348 ( update )

Commentaire:

The retest price zone of 2330 will become very important in the near future

Commentaire:

Wait for PPI news to get the trend for Gold this week