⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) faced fresh selling after a brief rise to the $2,472-2,473 area during the Asian session and fell for the second consecutive day on Wednesday. A positive mood in the equity markets is drawing investors away from the safe-haven metal. Additionally, some traders are adjusting positions ahead of the key US consumer inflation data, set to be released later today.
However, concerns about a broader Middle East conflict and expectations of a dovish Federal Reserve (Fed) should help limit further losses. Tuesday's data indicated that inflation is slowing, increasing the likelihood of deeper Fed rate cuts, which keeps the US Dollar (USD) near a one-week low and could provide some support to gold, making aggressive bearish moves risky.
⭐️Personal comments NOVA: Need to surpass ATH 2482, Gold price needs to create more liquidity, needs an adjustment period to continue increasing. CPI today, experts' expectations for Gold to decrease more
⭐️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
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Gold price has increased again around 2470, still in dispute and sideways before CPI news today
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Gold price increased strongly during the European session - waiting for Plan day SELL 2485-2487
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Conflicting data (2 good - 1 bad for the dollar). Gold price was pushed to 2480 then dropped sharply to create more liquidity in mid-August 2024
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Gold price gradually decreased to the liquidity zone 2441 - decreased after CPI news
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+ 25 pips, signal PLAN DAY BUY 2441-2439
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+ 50 pips , great PLAN DAY BUY 2439-2441
Yorum
+ 60 pips, plan day BUY 2439-2441 nice
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+ 150 pips , signal PLAN DAY 2439-2441 , amazing
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+ 250 pips , signal BUY 2441-2439 , great . Scan liquidity to continue to increase
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