⭐️GOLDEN INFORMATION: The price of gold began the week on a positive note, rising in early trading. This increase was primarily driven by the escalating conflict between Iran and Israel over the weekend. Concerned investors sought refuge in gold, a traditional safe haven, as they prepared for the new week after Iran's drones attacked Israel on Saturday evening.
The price of gold continues to be supported by market fears that Iran's unprecedented strike on Israel could lead to retaliatory actions. However, there is some comfort for the markets as the UK, France, and Egypt have condemned Iran's actions, and Saudi Arabia has called for restraint. This has helped to improve risk sentiment, creating a more favorable atmosphere in early Asian trading.
⭐️Personal comments NOVA: Still within the two upward trend lines - buying volume is decreasing. Wait for a downward adjustment
⭐️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 increased slightly during the Asian session
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Gold price decreased to adjust below $2350 area in European session, exact PLAN DAY chart
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+ 60 pips, plan day BUY 2327-2329
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+ 125 pips , signal PLAN DAY BUY 2327-2329
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+ 240 pips, SIGNAL PLAN DAY BUY 2327-2329
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+ 300 pips, signal PLAN DAY BUY 2327-2329
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Gold price increased close to the 2390 price range, looking at an increasing price range