Is there a chance for gold prices to increase today?

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
During the Asian session on Tuesday, the price of gold has seen a decline and is currently trading at around $1,910 per troy ounce. This downward movement can be attributed in part to the strengthening of the US Dollar (USD), which is driven by cautious market sentiment and higher US Treasury yields.

At present, the US Dollar Index (DXY) is hovering near 106.00. It recently reached its highest level since November on Monday. Additionally, there has been an improvement in the yield of the 10-year US Treasury note, reaching 4.55%. This level hasn't been observed since October 2007.

⭐️Personal comments NOVA:
With today's expected CB Consumer Confidence figures unfavorable for the dollar, short-term opportunities for gold. Nova also agreed that gold price touched the 1910 support zone and recovered slightly today

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1910 - $1912 SL $1907( scalping )
TP 1: $1915
TP2: $1918
TP3: $1922

🔥SELL GOLD zone: $1922 - $1925 SL $1935
TP1: 1917
TP2: 1914
TP3: 1910


🔥SELL GOLD zone: $1930 - $1932 SL $1935
TP1: 1925
TP2: 1920
TP3: 1910

⭐️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:

+ 30 pips , from entry BUY 1910

Transaction en cours:

update signal : 26/9/23

BUY gold 1903 -1905 SL 1900
TP: 1908, 1915

Commentaire:

+ 45 pips, from entry 1905