SIDEWAY !! Gold price stuck below $2350

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result.

⭐️Personal comments NOVA:
Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2312 - $2314 SL $2307
TP1: $2320
TP2: $2330
TP3: $2340


🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2338
TP2: $2330
TP3: $2320

⭐️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 remains sideways below 2330 during the Asian session

Commentaire:

Gold price continues to maintain sideways below $2330

Commentaire:

Gold price increased unexpectedly during the European session above the 2330 zone

Commentaire:

Gold price is still maintaining the 2330 zone during the US session waiting for important news today

Commentaire:

PMI data bad for dollar - good for Gold. Gold prices moved sideways at the beginning of the month