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⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) fell during the Asian session on Tuesday due to a fresh supply. This decline comes after a slight recovery from a one-month low caused by positive US jobs data. The decrease in bets for an interest rate cut by the Federal Reserve (Fed) in September has kept US Treasury bond yields high, strengthening the US Dollar (USD) and reducing demand for gold. Additionally, the People's Bank of China (PBoC) has significantly decreased its gold buying activities in May, ending a year-long buying spree. Despite this, political uncertainty in Europe and geopolitical risks could prevent further losses. Traders are advised to monitor the release of the latest US consumer inflation figures and the FOMC decision on Wednesday.

⭐️Personal comments NOVA:
Short-term recovery at the beginning of the week - retesting the resistance zone. Sideway waiting for important FOMC information

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2278
TP2: $2284
TP3: $2292

🔥SELL GOLD zone: $2320 - $2322 SL $2325 scalping
TP1: $2315
TP2: $2308
TP3: $2300

🔥SELL GOLD zone: $2338 - $2340 SL $2345
TP1: $2330
TP2: $2320
TP3: $2310


⭐️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
ملاحظة
Gold price sideways above 2300 area before the US session, anxiously waiting for FOMC data
ملاحظة
The potential interest rate cut in June 2024 remains the same.
ملاحظة
+ 20 pips , signal PLAN DAY SELL 2320-2322
ملاحظة
+ 65 pips, signal Plan day SELL 2320-2322
ملاحظة
+ 110 pips , signal PLAN DAY SELL 2320-2322
ملاحظة
Gold price recovered slightly around 2310 before the FOMC meeting tomorrow
ملاحظة
Today witnessed the most important news of June: FOMC
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