NF - Gold price continues to trend UP

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Traders may wait for more information about the Fed's interest rate-cut plans before making bets on the non-yielding Gold price. They will be closely watching the release of the US monthly employment details, known as the Nonfarm Payrolls (NFP) report, later in the North American session. If there is any disappointment, it could indicate a weakening labor market and increase the likelihood of a June Fed rate cut. This could lead to more selling of USD and support for gold.

⭐️Personal comments NOVA:
Gold price is having a DOWN correction below the $2280 area. However, the UP trend is still the dominant trend, many opportunities for Gold to continue to create new peaks

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2260 - $2258 SL $2253
TP1: $2275
TP2: $2290
TP3: $2308

🔥SELL GOLD zone: $2308 - $2310 SL $2315
TP1: $2300
TP2: $2290
TP3: $2280

⭐️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

Kommentera:

Gold price is adjusting slightly before today's NF news

Kommentera:

Gold prices tend to increase slightly during the Asian and European sessions, trading above 2285

Kommentera:

Gold price returns to the 2300 resistance zone

Kommentera:

Gold price increased to a record high of 2330. Huge fomo from the market