Still recovering momentum from Gold !!

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) remains above $2,000 during the early Asian session on Monday. Economic data from the US indicates that inflation is higher than expected, leading financial markets to revise their expectations about the Federal Reserve (Fed) cutting interest rates in June. Currently, the gold price is trading at $2,014, reflecting a 0.12% gain for the day.

In January, the Producer Price Index (PPI) for final demand increased by 0.3% compared to a 0.1% decline in December. This marks the largest increase since August 2023. On a yearly basis, the PPI figure rose by 0.9% compared to a 1.0% increase in the previous reading. In contrast, US Housing Starts experienced a significant decline of -14.8% from 1.562M to 1.331M, while Building Permits slumped by -1.5%.

⭐️Personal comments NOVA:
Still recovering, increasing price from Gold, approaching $2020 area, expecting the next DOWN trend

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1985 - $1987 SL $1980
TP1: $1992
TP2: $2000
TP3: $2010

Pay attention to the $2010 support zone

🔥SELL GOLD zone: $2028 - $2030 SL $2035
TP1: $2020
TP2: $2010
TP3: $2000

⭐️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

Comentário:

Gold price increased during the Asian session, approaching the 2028-2030 sell day plan

Comentário:

The European session has not had many changes in price or sideways

Comentário:

Gold price decreased slightly below the $2020 zone, waiting for more trends from the Fomc meeting