CB factors help whether Gold price increases or not ??

已更新
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is having difficulty finding a clear direction today and is moving within a small range, approximately between $2,380 and $2,385, in the Asian trading session on Tuesday. The geopolitical tensions in the Middle East are providing some support to gold. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September, supported by a mild US inflation report last Friday, are acting as a positive factor for gold, which does not yield interest.

⭐️Personal comments NOVA:
In the long-term H4 frame, prices are still in a downtrend - however economic news can contribute to a slight increase in Gold prices.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2353 - $2355 SL $2348
TP1: $2360
TP2: $2370
TP3: $2380


🔥SELL GOLD zone: $2410 - $2408 SL $2415
TP1: $2400
TP2: $2390
TP3: $2380


⭐️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
注释
Gold price increased slightly during the Asian session, trading around 2390
注释
continues sideways around the price range 2385 - 2395, taking place during the European session
注释
Gold prices tend to increase during the European session - wait for CB data during the US session
注释
The market is waiting for important CB news today - sideway around 2390
注释
Better-than-expected data results (100.3 > 99.8) good for dollar - gold prices under slight downward pressure
注释
+ 60 pips , signal PLAN DAY SELL 2408-2410
注释
Gold price increased unexpectedly to above 2400 area after Middle East military news
Beyond Technical AnalysisbuygoldbuyxauusdTechnical IndicatorslonggoldlongpositionlongsetuplongtradeTrend Analysisxauusdbuyxauusdlongxauusdsignal

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