DOWN trend for gold!! under $2300

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its steady movement below $2,300, approaching a two-week low. The Fed's unexpected hawkish stance earlier this month, predicting only one interest rate cut in 2024, bolsters US Treasury bond yields and hampers the non-yielding gold. The global equity markets' underlying bullishness also limits the upward potential of this safe-haven metal.

⭐️Personal comments NOVA:
Gold price reached the target area of $​​2300 yesterday, continuing the DOWN trend, waiting for price reaction when bears prevail.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2271 - $2269 SL $2264
TP1: $2276
TP2: $2284
TP3: $2290


🔥SELL GOLD zone: $2320 - $2322 SL $2327
TP1: $2310
TP2: $2300
TP3: $2290

⭐️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

تعليق:

Gold prices increased slightly in the Asian session

تعليق:

Gold price increased, recovering around 2310 during the European session

تعليق:

Gold price increased and recovered above the 2310 area

تعليق:

+ 20 pips , signal PLAN DAY SELL 2320-2322

تعليق:

+ 30 pips , PLAN DAY SELL 2320-2322

تعليق:

Gold price increased above the 2320 area, continuing to accumulate sideways