Gold price has increasing momentum, short term

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is currently consolidating above the $1,900 level during Tuesday's Asian session. Traders are opting to remain cautious before the upcoming monetary policy meetings of major central banks. This week, the Federal Reserve (Fed), Bank of England (BoE), and Bank of Japan (BoJ) will disclose their interest rate decisions, potentially leading to market volatility. At present, the gold price is experiencing a slight decline of 0.06% and trading at $1,932.

⭐️Personal comments NOVA:
The week's short-term increase in gold prices was influenced by information about the FED's upcoming interest rate increase, optimism and prosperity. But recent results show that the world's No. 1 economy will recover quickly in the second half of 2023. Gold prices will return to below 1900 quickly.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1923 - $1920 SL $1910
TP 1: $1927
TP2: $1931
TP3: $1935

🔥SELL GOLD zone: $1933 - $1936 SL $1945( maybe sell add zone 1940-1942)
TP1: 1927
TP2: 1922
TP3: 1915

⭐️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

Kommentar:

+ 30 pips from entry 1933.4

Kommentar:

+ 30 pips, from entry sell 1936