Still hoping for Gold's Uptrend ! $2400

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The gold price (XAU/USD) is trading bearishly after falling from the $2,400 level. The recent rise in precious metals was driven by lower-than-expected US inflation data in April, which raised hopes of rate cuts by the Fed. However, comments from Fed officials on Thursday signaled that interest rates may not be cut this year, boosting the US Dollar and pushing the price of gold down. With no major US economic data, investors will be watching for hints about future monetary policy from Fed speakers Kashkari, Waller, and Daly later today.

⭐️Personal comments NOVA:
Gold still moves within the Uptrend line - view in Q2 2024 still main Uptrend. The FED has not yet shown any signs of cutting interest rates anytime soon

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2367 - $2369 SL $2364 scalping ( Used for Asian and European sessions )
TP1: $2375
TP2: $2382
TP3: $2390

🔥BUY GOLD zone: $2356 - $2358 SL $2350
TP1: $2370
TP2: $2385
TP3: $2400

🔥SELL GOLD zone: $2409 - $2411 SL $2416
TP1: $2400
TP2: $2390
TP3: $2380

⭐️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:

Gold price increased slightly, on the 2380 milestone during the Asian session

Comment:

Gold started sideways during the European session at the end of the week

Comment:

Gold's Uptrend is still continuing around the 2390 area

Comment:

+ 20 pips, plan day SELL 2409-2411