Waiting for new motivation after today's CPI news

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
During the early Asian trading hours on Thursday, the price of gold (XAU/USD) experienced a gradual increase. The weakened US Dollar (USD) provided some encouragement to the yellow metal, particularly in anticipation of the significant US CPI report later in the day. Currently, the gold price stands at $2,026, reflecting a 0.15% gain for the day.

⭐️Personal comments NOVA:
It is still a nice DOWN trend according to the H1 chart frame, trading below the EMA makes the trend even clearer. CPI data at the beginning of the year creates prosperity for the US economy

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2015 - $2013 SL $2010 scalping
TP1: $2019
TP2: $2025
TP3: $2032

🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030

🔥SELL GOLD zone: $2037 - $2039 SL $2045
TP1: $2034
TP2: $2028
TP3: $2020

⭐️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 price increased slightly back to the 2030 area in the short term

تعليق:

The European session has not seen clear price signs, prices are stuck in the trading range from 2035-2040

تعليق:

Prioritize the Downtrend after today's CPI news

تعليق:

+ 130 pips , wonderfull

تعليق:

+ 240 pips , for signal SELL 2037-2039

تعليق:

+ 60 pips , for signal buy 2015-2013 , wonderfull signal today

تعليق:

+ 200 pips, for signal BUY 2013-2015