Gold in price increase range! Increase

Par Nova-Scalper
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⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold's price is experiencing slight gains due to speculation that the US Federal Reserve may cut rates as early as September. Global political uncertainties also favor gold, a safe-haven asset. However, China's halt on gold purchases could lead traders to lessen bullish bets, as China is the largest gold consumer globally. Key upcoming events include Fed Chair Jerome Powell's testimony, speeches from Michelle Bowman and Austan Goolsbee of the Fed, and Thursday's US CPI inflation data release.

⭐️Personal comments NOVA:
Gold price leveled off to create liquidity in the 2350 - 2375 area. Waiting for information from the FED on Tuesday and Wednesday, the uptrend is still dominant.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2341 - $2339 SL $2334
TP1: $2348
TP2: $2355
TP3: $2370


🔥SELL GOLD zone: $2382 - $2384 SL $2389
TP1: $2375
TP2: $2360
TP3: $2350


⭐️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
Continue to wait for more information from the FED meeting today. Prioritize the Uptrend
Commentaire
Gold price sideways around 2365-2370 in Wednesday's Asian session
Commentaire
Gold price increased slightly above 2370 during the European session
Commentaire
+ 20 pips , signal SELL PLAN DAY 2382-2384
Commentaire
+ 40 pips , signal SELL PLAN DAY ZONE 2382-2384
Commentaire
+ 60 pips , PLAN DAY SELL 2382-2384
Commentaire
+ 100 pips , GREAT SELL PLAN DAY 2382-2384
Commentaire
Gold price moves within the 2370-2380 range. Shows that the bulls are more dominant than yesterday
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Nova-Scalper
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