Sideway, Rebalance the market XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Newly published data on Wednesday indicated that the November ADP private payrolls experienced a modest increase of 103,000, compared to the previous reading of 106,000. This figure fell short of market expectations, which had anticipated a growth of 130,000. The release of the ADP report followed Tuesday's unveiling of the Labor Department's JOLTS job openings number for October. Surprisingly, this figure reached its lowest point since March 2021, plummeting to 8.73 million from a downwardly revised 9.35 million in September.

⭐️Personal comments NOVA:
After the instability at the beginning of the week, the price is showing signs of stabilization by sideways with a shorter price range in the 2015 - 2035 area.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2005 - $2007 SL $1997
TP1: $2015
TP2: $2022
TP3: $2030


🔥SELL GOLD zone: $2049 - $2051 SL $2056
TP1: $2040
TP2: $2030
TP3: $2020

⭐️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:

Unemployment Claims news today supports a slight increase in Gold prices, the difference is not too much

تعليق:

Price is on the right upward trend to the entry zone. Let's wait for changes after the news Unemployment Claims