⭐️GOLDEN INFORMATION: The price of gold (XAU/USD) is having difficulty finding a clear direction today and is moving within a small range, approximately between $2,380 and $2,385, in the Asian trading session on Tuesday. The geopolitical tensions in the Middle East are providing some support to gold. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September, supported by a mild US inflation report last Friday, are acting as a positive factor for gold, which does not yield interest.
⭐️Personal comments NOVA: In the long-term H4 frame, prices are still in a downtrend - however economic news can contribute to a slight increase in Gold prices.
⭐️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
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Gold price increased slightly during the Asian session, trading around 2390
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continues sideways around the price range 2385 - 2395, taking place during the European session
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Gold prices tend to increase during the European session - wait for CB data during the US session
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The market is waiting for important CB news today - sideway around 2390
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Better-than-expected data results (100.3 > 99.8) good for dollar - gold prices under slight downward pressure
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+ 60 pips , signal PLAN DAY SELL 2408-2410
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Gold price increased unexpectedly to above 2400 area after Middle East military news
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