The corrective wave pattern is complete, sideway XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing difficulties in attracting buyers and continues to be on the defensive for the third consecutive day on Wednesday. The precious metal is trading around the $1,987-1,986 range during the early European session, but it is managing to stay above a two-week low of around $1,957-1,956 that was reached on Tuesday. Traders are currently hesitant and are waiting for more clarity regarding the Federal Reserve's rate-hike plans before making any new bets on the direction of gold.

⭐️Personal comments NOVA:
The price adjustment period has occurred. The price will continue to sideway in the H1 frame before returning to the 1980 resistance area

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1955 - $1957 SL $1950
TP1: $1962
TP2: $1970
TP3: $1980

🔥SELL GOLD zone: $1980 - $1982 SL $1988
TP1: $1975
TP2: $1968
TP3: $1960

⭐️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⭐️Smart investment, Strong finance

Commentaire:

Price touched entry 1959.5 and increased again. Missing 25 pips to match BUY 1957 entry.

Commentaire:

+ 20 pipz, plan day BUY 1956