Accumulated gold - information about interest rates is comming

١٧ ديسمبر

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) inch higher during Tuesday's Asian session but struggle to sustain momentum, hovering near the one-week low reached on Monday. Market participants remain cautious, awaiting the conclusion of the Federal Reserve's two-day meeting on Wednesday before making new directional moves.

Attention will center on the Fed's policy statement, the updated dot plot, and remarks from Chair Jerome Powell during the post-meeting press conference. Investors are keen for insights into the future path of rate cuts, which could influence the US Dollar (USD) and provide clearer direction for gold prices.

⭐️Personal comments NOVA:
The market is currently waiting for important information to lower interest rates tomorrow. The positivity will return when it reduces another 0.25 points tomorrow.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2678 - $2680 SL $2685
TP1: $2670
TP2: $2660
TP3: $2650

🔥SELL GOLD zone: $2663 - $2665 SL $2668 scalping
TP1: $2655
TP2: $2640
TP3: $2630


🔥BUY GOLD zone: $2626 - $2624 SL $2619
TP1: $2635
TP2: $2648
TP3: $2655


⭐️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

قبل ٧ أيام

تم فتح الصفقة

Gold price has recovered back to 2650 . Waiting for the FED's decision to lower interest rates today