Gold grows in the rising trendline

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is showing a positive trend for the second consecutive day on Friday. This also marks the fourth day out of the last five where it has been on the rise. Currently, it is just below a nearly two-week high that was reached yesterday. The latest macro data from the United States (US) has strengthened expectations of a prolonged pause by the Federal Reserve (Fed). Additionally, the markets are anticipating potential interest rate cuts, possibly in the first half of 2024. This has resulted in a decrease in US Treasury bond yields and continues to provide support for the non-yielding yellow metal.

⭐️Personal comments NOVA:
Prices have formed a nice rising trendline. Economic data is still supporting prices to continue growing at the end of the year

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1971 - $1973 SL $1965
TP1: $1980
TP2: $1988
TP3: $1994

🔥SELL GOLD zone: $1994 - $1996 SL $2004
TP1: $1988
TP2: $1983
TP3: $1978

⭐️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

تعليق:

The price is trending down first, still continuing sideways in the trendline

تعليق:

The price is prepare ACTIVE in the 1994 -1996 sell zone, maybe SELL around the 1993 zone

تعليق:

+ 40 pips , signal SELL 1993

تعليق:

+ 50 pips , great

تعليق:

+ 110 pips , winderfull

تعليق:

+ 140 pips , near Full TP 3