⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
A Labor Department report revealed that Initial Jobless Claims dropped to 201,000 for the week ending January 4, the lowest level since February 2024, indicating a steady labor market.
Minutes from the December FOMC meeting highlighted policymakers' views of a gradual easing in labor market conditions and their support for slowing the pace of rate cuts due to stalled disinflation.
On Wednesday, the benchmark 10-year US Treasury yield surged to its highest since April 25, strengthening the US Dollar near a two-year high and putting pressure on Gold prices.
⭐️Personal comments NOVA:
Short term frame shows price breaking trend, continuing to increase. Waiting for correction in higher price zones 2674, 2686
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2663 - $2661 SL $2657 scalping
TP1: $2667
TP2: $2672
TP3: $2680
⭐️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