Will there be a big breakthrough today? XAU increase

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) has entered a phase of bullish consolidation on Wednesday, as it trades within a narrow range just below the weekly high reached the day before. Several officials from the Federal Reserve (Fed) have recently attempted to delay market expectations of early interest rate cuts in 2024. In addition to this, a slight increase in the value of the US Dollar (USD) and the prevailing risk-on sentiment are acting as obstacles for the safe-haven precious metal.

⭐️Personal comments NOVA:
Continue waiting for opportunities for Gold to continue to increase today

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2020 - $2022 SL $2014
TP1: $2030
TP2: $2040
TP3: $2050

🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2042
TP2: $2035
TP3: $2030

⭐️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

Kommentar:

The price is going in the right direction, the price line is running today. The price will decrease, waiting for it to return to the BUY entry area as planned

Kommentar:

Prices are still compressed, still with a wider amplitude than 2020-2040

Kommentar:

Expect a bullish cycle breakthrough ending in 2023