Waiting for an increase in Gold today !! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is unable to take advantage of the slight increase from the previous day and instead moves within a limited range during Tuesday's Asian session. Several important officials from the Federal Reserve (Fed) have recently attempted to counter market expectations for early interest rate cuts in 2024. This, in turn, is considered a significant factor that is hindering the non-yielding yellow metal. Additionally, the overall positive sentiment in global stock markets also adds to the limitation of gains for gold.

⭐️Personal comments NOVA:
Monday the price had a certain accumulation, surpassing the EMA line. Price will return to test the 2020-2022 zone then continue the upward trend

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2020 - $2022 SL $2014
TP1: $2030
TP2: $2040
TP3: $2048


🔥SELL GOLD zone: $2048 - $2050 SL $2058
TP1: $2040
TP2: $2030
TP3: $2020

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:

+ 20 pips , for signal BUY

Comment:

+ 45 pips , from entry BUY 2022

Comment:

The price of gold (XAU/USD) is struggling to gain significant momentum and is continuing to move sideways during the first half of the European session on Tuesday. Several influential officials from the Federal Reserve (Fed) have recently downplayed market expectations of an immediate shift in the policy stance of the US central bank, in an effort to delay predictions for early interest rate cuts in 2024. As a result, combined with heavy selling of the Japanese Yen (JPY) following the Bank of Japan's (BoJ) actions, there is increased demand for the US Dollar (USD), which poses a challenge for gold, a non-yielding asset.

Comment:

+ 80 pips , signal BUY 2020-2022

Comment:

+ 110 pips , from entry BUY 2020-2022

Comment:

+ 200 pips , signal BUY 2020-2022

Comment:

+ 240 pips , great signal buy 2020-2022

Comment:

It's a pity that the price has not yet reached the SELL 2048-2050 zone and then adjusted slightly. Let's look forward to continued growth during the week