$2,300, adjusted expectations !!! XAU / USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) is trading lower at $2,335 early Monday in Asia. Persistent US inflationary pressures are raising uncertainty about upcoming Federal Reserve rate cuts. The Fed's interest rate decision on Wednesday will be a key event to watch.

⭐️Personal comments NOVA:
According to weekly commentary - GOLD PRICE continues to be in the adjusted price range DOWN. Monday, there is not much motivation for price changes, the sideways are mainly in the $2300 - $2350 price range with a wide range.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2302 - $2300 SL $2295
TP1: $2310
TP2: $2320
TP3: $2330

Pay attention to the scalping price range
BUY GOLD ZONE: 2315-2317 SL 2312
TP: 30 - 50 - 100 pips

🔥SELL GOLD zone: $2353 - $2355 SL $2360
TP1: $2348
TP2: $2340
TP3: $2330

⭐️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:

Sideway gold price around 2330

Commentaire:

Gold prices increased during the Asian and European trading sessions

Commentaire:

Gold prices continued sideways during Monday's trading session. Above the $2,330 zone

Commentaire:

Sideway Gold around 2330-2340 today, waiting for upcoming important economic data news