Market excitement, recovery !! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is finding it difficult to take advantage of the gains it made earlier in the week and is moving within a small range during Wednesday's Asian session. The US Dollar (USD) is slightly stronger and is recovering from its decline yesterday, which brought it to its lowest level since September 1. Additionally, the overall positive sentiment in the stock markets is another factor that is hindering the demand for the safe-haven precious metal.

⭐️Personal comments NOVA:
The strong increase after yesterday's CPI news made the market really positive. Today, the PPI news is the next driving force for Gold's price increase

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1952 - $1954 SL $1948 Scalping
TP1: $1958
TP2: $1963
TP3: $1970

🔥BUY GOLD zone: $1946 - $1948 SL $1940
TP1: $1954
TP2: $1965
TP3: $1978

🔥SELL GOLD zone: $1977 - $1979 SL $1988
TP1: $1974
TP2: $1970
TP3: $1960

⭐️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

Comentário:

Price is still accumulating waiting for today's PPI news to be announced

Comentário:

As a result of many conflicting news, Gold price has a slight adjustment rhythm to the 1960 area