Gold price continues to trend UP !! XAU INCREASE

Nova-Scalper Mis à jour   
OANDA:XAUUSD   Or / Dollar Américain
⭐️Smart investment, Strong finance

The price of gold rose due to a weaker US Dollar. The recent CPI report indicated slower inflation in the US, leading to expectations of rate cuts by the Fed. Lower interest rates benefit gold investment. Traders will monitor various economic indicators and speeches by Fed officials, which could impact the US Dollar and limit gold's potential gains.

⭐️Personal comments NOVA:
Yesterday's economic data such as CPI contributed to a stable increase in Gold. The long-term H4 frame shows that Gold continues to increase, returning to the old peak of 2430 is entirely possible.


🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2390
TP3: $2410

🔥SELL GOLD zone: $2410 - $2412 SL $2417
TP1: $2400
TP2: $2392
TP3: $2380

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.

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
Gold price sideways around 2390 during the Asian session
Gold prices tend to decrease slightly - before today's unemployment news
Gold price dropped close to the 2380 price range, waiting for today's unemployment data
Gold prices are showing hesitation in the upward price range. Or reduce the adjustment to get more force to go up

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✅ Trading Idea / Setup / Technical.

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