Weekend Uptrend for Gold !! Target $2388

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The Bank of England's dovish outlook and rate cut expectations, along with the European Central Bank's decision to lower borrowing costs and the Swiss National Bank's rate cut, indicate a favorable environment for bullish traders in the gold market. The breakout above the 50-day Simple Moving Average further supports an upward trend. Any downward correction could be seen as a buying opportunity, as traders await the flash global PMIs for new momentum.

⭐️Personal comments NOVA:
Gold price trend at the end of the week is prioritized to increase - break 2350 waiting for price range $2388-$2390

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2343 - $2345 SL $2340 scalping
TP1: $2350
TP2: $2355
TP3: $2360

🔥BUY GOLD zone: $2332 - $2330 SL $2325
TP1: $2340
TP2: $2350
TP3: $2360

🔥SELL GOLD zone: $2388 - $2390 SL $2395
TP1: $2380
TP2: $2370
TP3: $2360

⭐️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
- The winner is the one who sticks with the market the longest

Commentaire:

Gold price decreased during the European session, falling zone 2360

Commentaire:

Gold price sideways around 2360-2370 during the European session

Commentaire:

+ 50 pips , signal PLAN DAY BUY 2343-2345

Commentaire:

+ 50 pips, SIGNAL plan day BUY 2330-2332 , continue

Commentaire:

Gold prices still had huge fluctuations in the last session of the week, trading below the 2320 area