Gold Spot / U.S. Dollar
Long
Updated

Prioritize the Uptrend - XAU above $2400

1 621
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The US Dollar gains on Monday, reversing some recent losses and putting pressure on Gold prices for the second day. The Producer Price Index (PPI) rose by 2.6% in June, surpassing expectations of 2.3%. Political uncertainty following a failed assassination attempt on Donald Trump benefits the Dollar, but expectations of a dovish Federal Reserve may limit gains.

⭐️Personal comments NOVA:
Gold price is maintaining an Uptrend above $2400 - accumulating in the price range 2400 - 2420. Optimism for the market is very high reaching a new ATH this year

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2400
TP2: $2410
TP3: $2420


🔥SELL GOLD zone: $2422 - $2420 SL $2427
TP1: $2415
TP2: $2408
TP3: $2400


⭐️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
Note
Gold price decreased slightly, reaching the 2400 -2410 range
Note
Gold price increased during the European session, returning above the $2410 area
Note
+ 20 pips , GREAT SELL PLAN DAY 2420-2422
Note
+ 50 pips, signal PLAN DAY SELL 2420-2422
Note
+ 90 pips , great PLAN DAY SELL 2420-2422
Note
Gold price rises - huge buying power
Note
Gold price touches resistance $2440 then reacts sharply down

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