GDP and price range accumulated above 3300

506
⭐️GOLDEN INFORMATION:

Gold prices held firm during the North American session on Wednesday, climbing over 0.30% as easing tensions between Israel and Iran boosted risk sentiment. Meanwhile, disappointing US housing data could prompt future action from the Federal Reserve (Fed). However, Fed Chair Jerome Powell's continued hawkish stance has limited further upside for the precious metal.

At the time of writing, XAU/USD is trading around $3,334, up 0.34%, as the US Dollar pares earlier gains and Wall Street posts modest advances.

⭐️Personal comments NOVA:

moving in accumulation range following 2 trend lines, trading above 3300

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3364- 3366 SL 3371
TP1: $3352
TP2: $3345
TP3: $3330


🔥BUY GOLD zone: $3302-$3300 SL $3295
TP1: $3315
TP2: $3328
TP3: $3340


⭐️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

Feragatname

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