Gold UP trend line H1, over $2400
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold has rebounded from its previous losses and is currently trading at approximately $2,370 per troy ounce during the Asian session on Thursday. The valuable yellow metal, known as a safe-haven asset, is increasing in value as traders exercise caution due to the heightened geopolitical tensions in the Middle East.
As per reports from Reuters, Jordan's Foreign Minister Ayman Safadi expressed in an interview released by state media on Wednesday that if Israel were to retaliate against Iranian attacks, it could potentially escalate the situation and lead to a catastrophic war engulfing the entire region.
⭐️Personal comments NOVA:
Gold price continues in the H1 UP trend line, the area above $2400 becomes expected for investors
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2327 - $2325 SL $2320
TP1: $2340
TP2: $2350
TP3: $2365
🔥SELL GOLD zone: $2384 - $2386 SL $2389
TP1: $2378
TP2: $2372
TP3: $2365
🔥SELL GOLD zone: $2421 - $2423 SL $2428
TP1: $2410
TP2: $2395
TP3: $2380
⭐️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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