DOW model for Gold price Increase ! record high

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
During the Asian session on Monday, the price of gold (XAU/USD) has attracted some buying interest around the $2,300 level and has reached a new all-time high in the last hour. The rally in the precious metal over the past couple of weeks has been driven by expectations that the Federal Reserve (Fed) will eventually cut rates in 2024, as well as buying from the Chinese central bank. However, with the daily chart showing extremely overextended conditions, traders may be hesitant to place new bullish bets amidst easing geopolitical tensions and a positive risk sentiment, which typically diminishes demand for safe-haven assets like gold.

⭐️Personal comments NOVA:
With the strong increase of Gold Monday, FOMO is at its peak at the present time. The Uptrend shows no signs of stopping, the target continues to rise to 2400 in the second quarter of 2024

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2301 - $2303 SL $2297
TP1: $2315
TP2: $2322
TP3: $2330


🔥SELL GOLD zone: $2367 - $2369 SL $2375
TP1: $2360
TP2: $2345
TP3: $2330

⭐️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:

Gold price shows signs of slowing down, sideways around the 2330- 2340 area

تعليق:

Gold price corrected Down in the US session, testing support area 2322. Still in an Uptrend

تعليق:

Gold price maintains the 2330 price range, waiting for the next increase

تعليق:

Gold price increases, price increase cycle is stable