⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) has reduced some of its gains made earlier in the day, after reaching a new all-time high during the Asian session on Thursday. However, it is still trading positively for the second consecutive day and is currently around the $2,200 level. The Federal Reserve (Fed) has indicated that it plans to reduce interest rates by 75 basis points this year, which has helped calm the market's concerns about the central bank lowering its projection for the number of rate cuts to just two, despite persistent inflation. As a result, the US Dollar (USD) has weakened from its two-week high reached on Wednesday, further boosting the value of gold.
⭐️Personal comments NOVA:
Gold price reached an all-time high of $2,220, after the news of the FED's decision to keep interest rates unchanged. Still positive, FOMO from the market, Gold price continues to increase well
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2180 - $2182 SL $2175
TP1: $2190
TP2: $2205
TP3: $2220
🔥SELL GOLD zone: $2210 - $2212 SL $2215 scalping
TP1: $2205
TP2: $2200
TP3: $2190
🔥SELL GOLD zone: $2219 - $2221 SL $2226
TP1: $2210
TP2: $2200
TP3: $2180
⭐️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