Gold's weak recovery !!! GOLD SELL

Smart investment, Strong finance

GOLDEN INFORMATION:
Risk sentiment has been the primary influencer thus far this week, with the US dollar continuing its positive momentum. Venture capital flows have remained dominant for two consecutive days, driven by concerns over China's growth and ongoing banking issues. The focus now shifts to the highly anticipated US Consumer Price Index (CPI) data on Thursday, which will provide crucial insights into the direction of both the US dollar and gold prices. This data is expected to offer fresh indications regarding the Federal Reserve's interest rate decisions for the remainder of this year.

Personal comments NOVA:
World news is favoring green coins, reducing the value of rare metals. Gold prices try to have a recovery but oak falls. The downtrend remains strong this week

SET UP GOLD PRICE:
SELL GOLD zone: $1937 - $1940 SL $1950
TP 1: $1930
TP2: $1915

BUY GOLD zone: $1912- $1910 SL $1902
TP1: $1922
TP2: 1930



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

Kommentera:

The market fluctuated quite slowly in the price range 1925-1930. May fluctuate through the US session

Kommentera:

The price continues to fall to 1920, the buying power is getting weaker and weaker, the price may drop again tomorrow when the CPI news is released

Handel aktiv:

price has broken through 1920 area, tomorrow price will touch 1910, trend will be clearer when CPI news is announced

Kommentera:

The price returned to the 1913 zone and bounced off entry by 10 pips. Let's wait for CPI news to be announced