The recovery rate retested at the beginning of the week! XAU

Nova-Scalper Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
⭐️Smart investment, Strong finance

Fed officials have delayed the first interest rate cut of the year. President Tom Barkin of the Federal Reserve Bank of Richmond stated that the central bank is prepared but will gather more information in the coming months. President Neel Kashkari of the Federal Reserve Bank of Minneapolis believes it may take a year or two to bring inflation back to 2%. The strong US economic data and hawkish Fed tone are supporting the US dollar and suppressing gold prices, as higher interest rates increase the cost of holding non-yielding assets.

⭐️Personal comments NOVA:
Gold price recovered slightly, returning to the retest of weak resistance areas. Mainly still sideways below $2350 at the beginning of the week


🔥BUY GOLD zone: $2311 - $2309 SL $2304
TP1: $2316
TP2: $2322
TP3: $2330

🔥SELL GOLD zone: $2331 - $2333 SL $2336
TP1: $2325
TP2: $2318
TP3: $2310

🔥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 BUY order.

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
Slight price increase in the Asian session on Monday morning
+ 20 pips , signal SELL PLAN DAY 2331-2333
+ 35 pips , nice signal PLAN DAY SELL 2331-2333
+ 120 pips , wonderfull signal PLAN DAY SELL 2331-2333
Gold price fell when it hit resistance 2331 during the European session
Gold price is still sideways above the 2320 zone
There is still a slight increase in Gold price to the 2330 area
Not too much change in price in the beginning of the week - short-term recovery

Dear My Friends,

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