XAU is in a short-term DOWN trend

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) hovers around $2,155 in early Asian trading on Monday. US inflation data suggests a potential delay in interest rate cuts by the Federal Reserve (Fed), causing a downtick in the yellow metal. However, positive developments in Chinese stimulus measures or strong demand from China could lift gold prices. The Fed may hold its interest rate at the March meeting, as they need more evidence of inflation easing before considering a rate cut. This could diminish the appeal of non-yielding metals and impact gold prices.

⭐️Personal comments NOVA:
Gold price broke through the $2,150 support zone in the opening session of the week.

Shows that the corrective DOWN trend continues to prevail

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2142
TP2: $2150
TP3: $2160


🔥SELL GOLD zone: $2163 - $2165 SL $2170
TP1: $2155
TP2: $2148
TP3: $2140

⭐️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 sideway, fluctuating very slowly below $2150

Commentaire:

+ 80 pips , for signal BUY 2146

Commentaire:

+ 50 pips , from entry SELL 2163

Commentaire:

+ 75 pips , from entry SELL 2163

Commentaire:

+ 90 pips , from signal SELL 2163

Commentaire:

Gold prices rose ahead of interest rate news on Monday