Gold recovers - short-term increase

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices rose at the start of the week, buoyed by expectations of a September interest rate cut by the Fed and signs of subsiding inflation. The dip in US manufacturing sector for a third month and declining factory input costs further supported this outlook. Additionally, China's economic concerns, global geopolitical tensions, and political uncertainty in the US and Europe fostered appeal for the safe-haven asset.

⭐️Personal comments NOVA:
Gold price in early July increased slightly thanks to economic data that is not good for the dollar - target below $2350

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330



🔥SELL GOLD zone: $2358 - $2360 SL $2365
TP1: $2350
TP2: $2340
TP3: $2330

⭐️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 is maintaining above the $2330 zone

Commentaire:

Gold price remains above the 2330 zone during the European session

Commentaire:

Gold price is above $2330, waiting for important economic news today

Commentaire:

Gold prices fell before today's news below 2330

Commentaire:

Actual data is higher than forecast (8,140 > 7,860), good for the dollar, bad for Gold. Gold price drops below 2330

Commentaire:

Gold buying power is weakening - it seems that the bears and sellers are taking over