Gold price is positive based on US economic data

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a three-week low and trades within a narrow range during the Asian session. Bullish traders are favored due to expectations of a Federal Reserve interest rate cut later this year, supported by recent US macro data indicating a slowdown in manufacturing activity and the economy. This has resulted in the US Dollar (USD) declining to a near two-month low, benefiting gold as a safe-haven asset.

⭐️Personal comments NOVA:
Gold price is positive thanks to good economic data at the beginning of the week for Gold - large amplitude sideway. The H4 long-term framework still supports continued decline and correction

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2325 - $2327 SL $2320
TP1: $2335
TP2: $2342
TP3: $2350


🔥SELL GOLD zone: $2374 - $2376 SL $2381
TP1: $2360
TP2: $2350
TP3: $2340

⭐️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 prices showed signs of decreasing slightly when entering the European session

Commentaire:

Gold prices fell before today's news

Commentaire:

+ 40 pips, signal BUY PLAN DAY

BUY 2325-2327

Commentaire:

+ 60 pips, plan day BUY 2325-2327

Commentaire:

+ 85 pips, signal PLAN DAY 2325-2327

Commentaire:

+ 110 pips , great BUY 2325-2327 plan day

Commentaire:

Gold price returns to the 2325 zone, it seems that the corrective DOWN wave is over

Commentaire:

The US session trades without major volatility currently, mostly sideways around the 2320-2330 zone