Gold price increased unexpectedly !! MONDAY

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows.

⭐️Personal comments NOVA:
Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2277 - $2275 SL $2270
TP1: $2285
TP2: $2292
TP3: $2300


🔥SELL GOLD zone: $2325 - $2323 SL $2330
TP1: $2318
TP2: $2310
TP3: $2300

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 is close to the $2320 price range, an unexpected increase from Gold

Commentaire:

+ 70 pips, signal SELL PLAN DAY SELL 2323-2325

Commentaire:

+ 85 pips , signal SELL PLAN DAY 2323-2325

Commentaire:

Gold price increased to 2330, in response to information about increasing Israeli military tensions

Commentaire:

Currently the price range has moved sideways back to the 2320 area, an area with very large trading volume