⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) surged above $2,300, reaching an all-time high during the early Asian session. This was driven by weaker-than-expected US ISM Services PMI data for March and speculation that the Federal Reserve has reached the peak of the rate hike cycle, resulting in increased demand for gold. Market expectations of rate cuts in June also contributed to the momentum, with a 62% probability of a rate cut at the Fed's June 11-12 policy meeting according to the CME FedWatch Tool.
⭐️Personal comments NOVA:
DOW model - Gold price increases steadily. Gold's strong upward trend will continue
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2280 - $2282 SL $2275
TP1: $2290
TP2: $2295
TP3: $2300
🔥SELL GOLD zone: $2318 - $2320 SL $2325
TP1: $2310
TP2: $2300
TP3: $2290
⭐️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