Motivation to increase prices after today's Non - farm news! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold is still on a downward trend that started on September 25th, trading at a lower level of approximately $1,820 per troy ounce in the early Asian trading session on Wednesday. The decline in gold prices is being influenced by a negative market sentiment and a stronger US Dollar (USD).

Despite the release of moderate Chinese economic data over the weekend, there was no positive impact on the value of gold. China's NBS Manufacturing PMI for August increased to 50.2 from the previous figure of 49.7, surpassing the expected value of 50.0.

⭐️Personal comments NOVA:
The expectation that gold prices will recover today after the Non-farm news is very high.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1802 - $1805 SL $1795
TP1: $1810
TP2: $1816
TP3: $1825

🔥SELL GOLD zone: $1831 - $1834 SL $1840
TP1: 1827
TP2: 1822
TP3: 1818

🔥SELL GOLD zone: $1852 - $1854 SL $1860
TP1: 1847
TP2: 1840
TP3: 1830

⭐️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