ADP Non-Farm! How does Gold price affect today?

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold is currently stabilizing around $2,020 on Wednesday morning, after experiencing a two-day decline from its record high of $2,144 on Monday.

The increase in the value of gold is benefiting from a general retreat of the US Dollar, as buyers of the Greenback pause after its recent upward movement and in anticipation of the release of the significant US ADP Employment Change data.

⭐️Personal comments NOVA:
One of the news that often greatly affects Gold today is ADP Non-Farm. The data supports the downtrend along with an adjustment to rebalance the market.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020


🔥SELL GOLD zone: $2049 - $2051 SL $2060
TP1: $2040
TP2: $2032
TP3: $2020

⭐️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:

+ 110 pips , for signal SELL 2035-2037

Comment:

With lower than expected results, Gold prices benefited and are tending to increase slightly