XAU recovery after FOMC !!

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices surged above $2,300 as the Federal Reserve announced a slower balance sheet reduction and provided no indication of lowering interest rates. Fed Chair Jerome Powell stated that rate cuts would only be considered once inflation reaches its 2% target.

⭐️Personal comments NOVA:
Gold price recovered above $2,300 after the FOMC meeting on Wednesday. keeping interest rates unchanged - the economy is still facing many difficulties, Gold continues to become a safe investment channel and has the trust of investors.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2307 - $2309 SL $2304 scalping ( Use the Asian and European trading sessions )
TP1: $2315
TP2: $2320
TP3: $2325


🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2332
TP2: $2325
TP3: $2315

⭐️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 dropped unexpectedly during Thursday trading session in Asia and Europe

Commentaire:

Gold price fell sharply below the $2280 area after the release of US data

Commentaire:

Gold price has sideways around the $2300 area, still in a DOWN rhythm