PPI good for USD - Gold falls ! today

Nova-Scalper Mis à jour   
OANDA:XAUUSD   Or / Dollar Américain
⭐️Smart investment, Strong finance

Gold prices bounce back even as the US Dollar consolidates on Tuesday. However, the rise could be restrained as investors anticipate key US inflation data. Continued high US rates have pressured gold prices recently, but increasing Middle East tensions may temporarily support them.

⭐️Personal comments NOVA:
Gold price is still recovering - however today's PPI data is likely to support the dollar - Gold is under selling pressure


🔥BUY GOLD zone: $2308 - $2306 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330

🔥SELL GOLD zone: $2376 - $2378 SL $2383
TP1: $2370
TP2: $2360
TP3: $2350

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.

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
Gold price sideway, disputed price range in the Asian session around $2340
Gold price is following the DAILY PLAN trend. Increased before today's PPI news
Gold price awaits important PPI data today, trading above $2,340
Ppi is good for the dollar - but Gold prices are still trending Up. Do not return to test area 2330.

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