⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices saw a third consecutive day of buyer interest, despite trading below the week's peak. Traders appear hesitant, awaiting US consumer inflation data to guide near-term strategies. This information will influence Federal Reserve decisions on interest rate cuts, impacting USD demand and potentially providing momentum for gold.
⭐️Personal comments NOVA:
Gold price is in the bullish range - wave 3 of H1 frames waiting for a break in the 2384 area. The price will show positive signs if today's CPI supports Gold
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2338 - $2340 SL $2332
TP1: $2348
TP2: $2355
TP3: $2370
🔥SELL GOLD zone: $2398 - $2400 SL $2405
TP1: $2390
TP2: $2380
TP3: $2370
⭐️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
- The winner is the one who sticks with the market the longest