⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) finds it hard to build on its early Asian session gains on Tuesday, though it manages to stay above a one-week plus low hit on Monday. President Biden's decision not to run in 2024 boosts Trump's chances, sparking hopes for less strict regulations. This, combined with surprise rate cuts by China's central bank on Monday, fuels a broadly upbeat market mood, which weighs on the safe-haven metal. The positive risk sentiment acts as a headwind for the precious metal's appeal as a refuge asset.
⭐️Personal comments NOVA:
Gold price is in a downward correction - sideways accumulation around the 2400 area. Wait for inflation data this week
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2384 - $2386 SL $2378
TP1: $2392
TP2: $2400
TP3: $2410
🔥SELL GOLD zone: $2431 - $2433 SL $2438
TP1: $2422
TP2: $2410
TP3: $2400
⭐️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