SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Bureau of Economic Analysis (BEA) reported on Wednesday that the Personal Consumption Expenditures (PCE) Price Index increased to 2.3% year-over-year in October, up from 2.1% in September.
The core PCE Price Index, which excludes food and energy costs, rose 0.3% month-over-month and climbed to 2.8% annually from 2.7% the previous month.
Meanwhile, data from the US Commerce Department showed the economy grew at a robust annual rate of 2.8% in the third quarter, driven by strong consumer spending, which increased by 3.5%.
⭐️Personal comments NOVA:
M30 witnessed gold price BREAK trend increasing, waiting for a reasonable BUY scalping signal
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2642 - $2640 SL $2637 scalping
TP1: $2646
TP2: $2650
TP3: $2657
⭐️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