Gold price in SIDEWAY price range! $2300

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as well as the central bank's decision to keep rates unchanged. Additionally, recent data reveals a slight decrease in the US trade deficit and a tight labor market.

The XAU/USD is currently trading at $2,305, reflecting a 0.60% decrease. Expectations of a more hawkish stance from the Fed were not met, as they maintained a neutral position. The central bank also announced a reduction in the pace of its Quantitative Tightening (QT) program.

⭐️Personal comments NOVA:
Gold price in the SIDEWAY price range, the range ranges from $2260 - $2330, is still trending DOWN more.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2268- $2266 SL $2260
TP1: $2275
TP2: $2290
TP3: $2300


🔥SELL GOLD zone: $2334 - $2336 SL $2340
TP1: $2325
TP2: $2310
TP3: $2290

⭐️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 prices increased slightly during the Asian session, Friday

Commentaire:

sideway waiting for NF news in the US session

Commentaire:

The price of gold (XAU/USD) is down for the second day in a row but still above a one-month low. The Federal Reserve (Fed) announced that it does not plan to decrease interest rates due to ongoing inflation. This, combined with positive equity markets and reduced tensions in the Middle East, is reducing demand for gold as a safe-haven investment.

Commentaire:

Gold price increases and decreases erratically, break entry 2295, the DOWN trend becomes clearer

Commentaire:

The price shows a huge dispute between buyers and sellers around the 2280 - 2320 area