⭐️GOLDEN INFORMATION: Gold price (XAU/USD) is consolidating its recent rally to the $2,200 neighborhood, reaching a fresh record high on Friday. The spike in the US unemployment rate has increased expectations for interest rate cuts by the Federal Reserve (Fed). As a result, US Treasury bond yields remain low, hindering the US Dollar's recovery and providing support for gold.
⭐️Personal comments NOVA: Gold price continues its upward trend to create a new peak, Monday trading session shows signs of sideway accumulation waiting for important data during the week, expecting corrections DOWN
⭐️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 is adjusting slightly, below $2,180, waiting for inflation data
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Gold price is still sideways around 2180, with a narrow range
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Gold prices are in the most exciting phase of the market, sideways may continue to break the peak during the week