Gold price sideway waiting for interest rate information

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to benefit from previous day's rebound, hovering around $2,145, a one-week low. Speculations arise that the Federal Reserve (Fed) will maintain higher interest rates due to strong US consumer and producer inflation figures. This supports elevated US Treasury bond yields, bolstering the US Dollar (USD) and creating resistance for gold.

⭐️Personal comments NOVA:
Gold price sideway on Tuesday waiting for the results of FED interest rates, the price range fluctuates from $2145 - $2170

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2142
TP2: $2150
TP3: $2160

🔥SELL GOLD zone: $2175 - $2177 SL $2182
TP1: $2165
TP2: $2158
TP3: $2148


⭐️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 DECREASES approaching the $2150 zone, waiting for an UP sideway

Comment:

Gold price (XAU/USD) declines on Tuesday, failing to sustain the previous day's small recovery from a one-week low of $2,145. The US inflation data released last week has led to speculation that the Federal Reserve (Fed) will maintain higher interest rates for a longer period and revise its forward guidance to include two 25 basis points rate cuts in 2024 instead of three as previously projected. This has resulted in increased US Treasury bond yields and a stronger US Dollar (USD), which is negatively impacting gold.

Comment:

Gold price increased slightly to the 2160 sideway resistance area, not seeing many clear trends