PCE keeps gold stable above $2300

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to grow from a recent bounce, meeting new supply in Friday's Asian session. A resurgent US Dollar (USD) reaching a two-month high is hindering the commodity's progress. However, potential Federal Reserve interest rate cuts and geopolitical uncertainties in the Middle East and Russia-Ukraine provide support for the safe-haven XAU/USD.

⭐️Personal comments NOVA:
Gold price is still accumulating at the end of June 2024, sideway around $2300 - $2340

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2304 - $2302 SL $2297
TP1: $2310
TP2: $2320
TP3: $2330

🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2330
TP2: $2320
TP3: $2310

⭐️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

Comment:

Gold price traded around 2320-2330 during the Asian session on Friday

Comment:

Gold price rises above 2330 in European session

Comment:

Gold prices continue to rise thanks to good PCE data for Gold

Comment:

+ 40 pips, signal PLAN DAY SELL zone 2340-2342

Comment:

+ 120 pips , signal PLAN DAY SELL zone 2340-2342

Comment:

+ 150 pips, signal PLAN DAY XAU ZONE 2340-2342