Decision week of 2023, gold price above $2000?

✍️ NOVA hello everyone, Let's comment on gold price Decision week of 2023:18/12 - 22/12/2023

🔥 World situation:
After the FED meeting on keeping interest rates unchanged, Gold prices have increased sharply again and the chance of ending the year above $2000 is huge. Because the last week of 2023 does not have important economic data and investor psychology is also very satisfied with the current Gold price.

🔥 Identify:
Prices will stabilize above $2000 to end a successful year for Gold

🔥 Technically:
Based on the resistance and support areas of the gold price according to the H1 frame, NOVA identifies the important key areas as follows:

Resistance: $2043
Support : $2008, $1995


🔥 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

تعليق:

In the first trading session of the week, you can pay attention to the trend-breaking resistance zone: 2024-2026. The price range is important to decide whether the price is stable or not