$2400 becomes very close - Gold price rally continues
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a record high near $2,390 during early Asian session on Friday due to market expectations of a US Federal Reserve interest rate cut. Chinese central bank's gold purchase and ongoing geopolitical tensions in the Middle East also contribute to the increase. Analysts predict that despite concerns about higher-than-expected inflation, the US Fed will still proceed with three 25-basis point rate cuts this year.
⭐️Personal comments NOVA:
Gold price continues to increase strongly - breaking the resistance structure. In the context of the US economy, there are still many difficulties. Gold metal has become the top priority investment channel. Gold prices continue to reach new peaks this year
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2361 - $2359 SL $2354
TP1: $2370
TP2: $2378
TP3: $2390
🔥SELL GOLD zone: $2398 - $2401 SL $2405
TP1: $2390
TP2: $2380
TP3: $2370
🔥BUY GOLD zone: $2350 - $2352 SL $2345
TP1: $2361
TP2: $2370
TP3: $2378
⭐️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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