Sideway gold price in mid-July

Smart investment, Strong finance

GOLDEN INFORMATION:
The market now only expects one more rate hike by the Fed
The Gold price has gained considerably, primarily thanks to the declining US inflation figures. After all, this makes it appear likely that the (US) rate hike cycle will soon come to an end: the market now envisages only one last rate increase at the end of July.

We agree and therefore expect prices to trend sideways in the coming weeks. They are likely to continue rising if the market begins discussing the subject of rate cuts.

Personal comments NOVA:
The price is still moving sideways in the $1950-$1960 zone, early next week

SET UP GOLD PRICE:
SELL GOLD zone: $1965 - $1967 SL $1975
TP 1: $1950
TP2: $1940

BUY GOLD zone: $1935 -$1937 SL 1925
TP1 : $1945
TP2: $1955

Technical analysis:
Based on the technical averages EMA34, EMA89, support areas 1951, 1935. Strong resistance zone 1965 for beautiful entry points.

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:

Follow the channel NOVA to receive reputable signals

Kommentera:

Price is moving towards the 1950 support zone, there is some competition at this price zone