⭐️GOLDEN INFORMATION: The cost of gold (XAU/USD) continues to rise from the overnight rebound near a one-week low, drawing additional buyers for the second consecutive day on Wednesday. This increase is supported by a weaker market sentiment, which typically favors conventional safe-haven assets, pushing the precious metal to a new weekly peak around the $2,415 mark during the Asian trading hours. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September further encourage investment in the non-interest-bearing gold.
⭐️Personal comments NOVA: Recovery from Gold around 2420-2430, retest for more downside
⭐️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
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Gold price increased during the Asian session - approaching the $2420 price range
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Prices fell during the European session - down around 2410
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The resistance zone at 2420 is quite strong - the price reacted immediately to decrease
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+ 30 pips, PLAN DAY SELL 2432-2434
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+ 130 pips, PLAN DAY XAU SELL 2432-2434
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+ 170 pips , amazing signal PLAN DAY SELL 2432-2434
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+ 260 pips , HIT TP 2, SIGNAL plan day SELL 2432-2434
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+ 410 pips , crazy . Signal PLAN DAY SELL 2432-2434