Gold's Bull Cycle!! $2300

#XAU/USD#

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) remained within a range during the Asian session on Tuesday. It consolidated its recent gains, reaching an all-time high of around $2,265-2,266. The release of positive US manufacturing data has raised doubts about the Federal Reserve's plans to cut interest rates three times this year. As a result, US Treasury bond yields have increased, pushing the US Dollar (USD) to its highest level since February 14th. This has undermined the value of gold. However, there is still a possibility that the Fed will begin cutting rates in June, along with ongoing geopolitical risks in the Middle East. These factors should help limit losses for gold as a safe-haven asset. It is advisable to wait for significant selling pressure before confirming that XAU/USD has reached its peak in the short term.

⭐️Personal comments NOVA:
Gold prices show that the market's fomo and excitement is huge. Today's news data also supports Gold prices continuing to reach new ATH

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2222 - $2224 SL $2217
TP1: $2230
TP2: $2238
TP3: $2248


🔥SELL GOLD zone: $2278 - $2280 SL $2285
TP1: $2270
TP2: $2260
TP3: $2250

⭐️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