Gold price recovered slightly - short term

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rebounds slightly during Asian session on Tuesday, partially recovering from previous day's losses. US macro data indicates declining inflationary pressures, raising expectations for a September rate cut by the Federal Reserve (Fed) and providing some support for gold. However, gold remains within a familiar range below the 50-day Simple Moving Average (SMA), cautioning bullish traders.

⭐️Personal comments NOVA:
Gold prices increased slightly - bad economic data for the dollar, but still narrow sideways range

⭐️SET UP GOLD PRICE:

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


🔥SELL GOLD zone: $2348 - $2350 SL $2355
TP1: $2340
TP2: $2330
TP3: $2320

⭐️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 fell below 2320 during the Asian session

Commentaire:

Gold price continues to sideways in range 2310-2320. Waiting for news data tonight

Commentaire:

+ 20 pips , Signal PLAN DAY BUY 2305-2307

Commentaire:

+ 40 pips , signal PLAN DAY 2305-2307

Commentaire:

+ 90 pips , signal PLAN DAY BUY 2305-2307

Commentaire:

+ 170 pips , signal PLAN DAY BUY 2305-2307

Commentaire:

+ 210 pips, signal PLAN DAY BUY 2305-2307

Commentaire:

+ 230 pips , signal PLAN DAY BUY 2305-2307

Commentaire:

Gold prices increased during the US session thanks to bad data for the dollar