CPI and FOMC determine Gold price trend

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) is showing resilience below the $2,300 mark, with modest gains for the second consecutive day. Traders are eagerly awaiting the release of US consumer inflation figures and the outcome of the FOMC meeting, as these will provide insights into when the Fed will start cutting interest rates. This will have a significant impact on the future movement of gold.

⭐️Personal comments NOVA:
Gold price recovered slightly before today's CPI and FOMC news. With the high possibility that interest rate data will continue to remain unchanged, Gold prices are likely to still recover. Pay attention to resistance areas for prices to react at $2325, $2340.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2280
TP2: $2290
TP3: $2300

🔥SELL GOLD zone: $2323 - $2325 SL $2328 scalping
TP1: $2318
TP2: $2310
TP3: $2300

🔥SELL GOLD zone: $2338 - $2340 SL $2345
TP1: $2325
TP2: $2315
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

Commento:

Gold price in Asian session on Wednesday sideway around 2310-2315

Commento:

price XAU increased slightly around 2310 during the European session

Commento:

Sideway, prices were compressed a lot from the beginning of the week waiting for today's CPI and FOMC data

Commento:

+ 35 pips , signal PLAN DAY 2338-2340

Commento:

+ 70 pips , signal SELL PLAN DAY 2338-2340

Commento:

+ 200 pips , signal SELL PLAN DAY 2338-2340

Commento:

Waiting for information from the FOMC meeting - gold prices increased due to reduced inflation in the US

Commento:

+ 320 pips , signal PLAN DAY SELL 2340-2338 , HIT TP 2