Gold price is stable below the $2350 zone

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) dropped at the start of the week due to the Federal Reserve's surprising hawkish stance. The Fed lowered its rate cut forecast from three to one, resulting in higher US Treasury bond yields and a stronger US Dollar (USD). This caused investors to move away from gold, which doesn't offer yield.

⭐️Personal comments NOVA:
Gold price sideway, cumulative price range, around $2300 - $2350

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2307 - $2305 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330


🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2330
TP2: $2320
TP3: $2310

⭐️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:

Gold price decreased during the Asian session - trading around the area below 2320

Kommentera:

Gold price is still trading around $2320

Kommentera:

Gold price waits for today's economic news results, sideway

Kommentera:

The sideway price range on the first Monday of the week is 2310-2330

Kommentera:

The news at the beginning of the week has not had much impact on the current Gold price, still trading above the 2310 area