Continue to adjust and accumulate short-term! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day.

Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price.

⭐️Personal comments NOVA:
Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1973 - $1975 SL $1968
TP1: $1985
TP2: $1997
TP3: $2008


🔥SELL GOLD zone: $2008 - $2010 SL $2017
TP1: $2000
TP2: $1990
TP3: $1980

⭐️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:

Gold price sideways during the Asian session, continuing to accumulate

Kommentar:

Prices rebounded to the 2000 area, possibly ahead of the PMI news