⭐️GOLDEN INFORMATION: During the Asian session on Thursday, the price of gold (XAU/USD) has slightly increased and recovered some of the significant losses from the previous day. However, there is a lack of strong bullish momentum. The US Dollar (USD) is struggling to take advantage of the rebound it experienced from a one-week low and is still below its highest level since December 13, which was reached on Tuesday. These factors, combined with the potential for further escalation of military action in the Middle East, are providing support for the safe-haven precious metal.
⭐️Personal comments NOVA: Gold price after the 2019 breakout, Gold price will continue to fluctuate below this zone and prioritize the upcoming DOWN trend, today's GDP news is also supporting that.
⭐️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 sideways range is very narrow during the Asian session
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The price is still sideways but tends to DOWN before the US session
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Gold price increased slightly in the early EUR session, but then decreased sideways around the 2014 area. Wait for today's GDP news
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+ 65 pips, signal Plan day 2022-2024
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+ 80 pips , signal PLAN DAY 2022-2024
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+ 120 pips, signal SELL 2022-2024
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Gold price continues to return to the 2020 resistance zone, continuing sideways