Military tension - positive Gold price
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold's value is on the rise, driven by a weaker US dollar following recent Nonfarm Payrolls data that suggests possible Federal Reserve rate cuts. This situation could make gold cheaper for foreign buyers, with strong demand from central banks and Asian markets further supporting gold prices. Persistent Middle East tensions could also increase gold's appeal as a safe haven. However, any hawkish remarks from Fed officials, such as Minneapolis President Neel Kashkari, could bolster the USD and negatively impact gold prices.
⭐️Personal comments NOVA:
Although it is in a DOWN trend, the tension of the Israeli war has caused the price of Gold to rebound and have gradually larger buying volume.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2299
TP1: $2315
TP2: $2330
TP3: $2345
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2335
TP2: $2322
TP3: $2310
⭐️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
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