⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price rises for the second day after dropping to $2,400, reaching a one-week high in Asia. Geopolitical tensions in the Middle East increase due to an Israeli attack on Lebanon. Global economic growth is slow, pushing investors towards gold.
The US Dollar weakens from a three-week high on Fed's dovish expectations, supporting gold prices. Investors are cautious and await more clues on the Fed's rate-cut plans before making new investments. All eyes are on the outcome of the two-day FOMC meeting happening today.
⭐️Personal comments NOVA:
Price increase before ADP - NF news today July 31, 2024 thanks to the middle east military tension. Technical trends show that buyers dominate the long-term frame H4
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2388 - $2390 SL $2383
TP1: $2405
TP2: $2420
TP3: $2440
🔥SELL GOLD zone: $2430 - $2432 SL $2435 scalping( Asian and European sessions )
TP1: $2425
TP2: $2418
TP3: $2410
🔥SELL GOLD zone: $2452 - $2454 SL $2459
TP1: $2440
TP2: $2430
TP3: $2420
⭐️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